What is after-tax cash flow from the sale of this asset

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Reference no: EM131130182

Consider an asset that costs $176,000 and is in a seven-year MACRS class. The asset is to be used in a 7-year project; at the end of the project, the asset can be sold for $22,000. The relevant tax rate is 30 percent. What is the after-tax cash flow from the sale of this asset? Please, explain in detail each step and make it simple (easy to understand)

Reference no: EM131130182

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