What is the after tax cash flow from the sale

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Reference no: EM13809256

Consider an asset that costs $465,000 and is depreciated straight-line to zero over its six-year tax life. The asset is to be used in a four-year project; at the end of the project, the asset can be sold for $120,000. If the relevant tax rate is 35 percent, what is the after tax cash flow from the sale of this asset?

Reference no: EM13809256

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