What is the aftertax cash flow from the sale of asset

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Reference no: EM131048226

Consider an asset that costs $981,000 and is depreciated straight-line to zero over its ten-year tax life. The asset is to be used in a seven-year project; at the end of the project, the asset can be sold for $135,600. (Do not round intermediate calculations.)

Required: If the relevant tax rate is 35 percent, what is the aftertax cash flow from the sale of this asset?

Aftertax salvage value $ _______

Reference no: EM131048226

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