Find the cash flow from the sale of the asset

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Reference no: EM131535776

A fixed asset costs and $1, 200 be depreciated strait line to zero over 8 years. The asset will be used in a 6-year project; at the end of the project, the asset can be sold for $525. The tax rate is 28%. Find the cash flow from the sale of the asset.

Reference no: EM131535776

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