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

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Consider an asset that costs $974,000 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 $136,000. (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: EM13923809

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