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Consider an asset that costs 553000 and is depreciated

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Consider an asset that costs $553,000 and is depreciated straight-line to zero over its seven-year tax life. The asset is to be used in a five-year project; at the end of the project, the asset can be sold for $174,000. If the relevant tax rate is 34 percent, what is the aftertax cash flow from the sale of this asset?

Reference no: EM13566852

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