What is the aftertax cash flow from the sale of asset

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Reference no: EM131563039

Consider an asset that costs $675,500 and is depreciated straight-line to zero over its seven-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 $136,900. (Do not round intermediate calculations.)

Required:

If the relevant tax rate is 30 percent, what is the aftertax cash flow from the sale of this asset?

Reference no: EM131563039

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