What is the aftertax cash flow from the sale of asset

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Reference no: EM131893460

Consider an asset that costs $440,000 and is depreciated straight-line to zero over its 8-year tax life. The asset is to be used in a 5-year project; at the end of the project, the asset can be sold for $55,000.

Required :

If the relevant tax rate is 34 percent, what is the aftertax cash flow from the sale of this asset? (Do not round your intermediate calculations.)

Reference no: EM131893460

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