Find the after-tax cash flow from the sale

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Reference no: EM1348296

Consider an asset that costs $237,600 and is depreciated straight-line to zero over its 6-year tax life. The asset is to be used in a 2-year project; at the end of the project, the asset can be sold for $29,700. If the relevant tax rate is 31 percent, the aftertax cash flow from the sale of this asset is $

Round your answer to 2 decimal places.

Reference no: EM1348296

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