MPCorp has completed a new project and is planning to sell some equipment that will no longer be needed. The book value (BV) of the equipment is $71,304. MPCorp has found a buyer for the equipment who has agreed on a price of $34,889. MPCorp's tax rate is 40% and the company is profitable.
What will be the aftertax cash flow to MPCorp that will result from the sale of this equipment?