What is the aftertax cash flow from the sale of this asset

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Reference no: EM131081477

Consider an asset that costs $404,800 and is depreciated straight-line to zero over its 8-year tax life. The asset is to be used in a 3-year project; at the end of the project, the asset can be sold for $50,600.

Required :

If the relevant tax rate is 32 percent, what is the aftertax cash flow from the sale of this asset? DO NOT ROUND INTERMEDIATE CALCULATIONS

Reference no: EM131081477

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