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2. Consider an asset that costs $316,800 and is depreciated straight-line to zero over its 9-year tax life. The asset is to be used in
2. Consider an asset that costs $316,800 and is depreciated straight-line to zero over its 9-year tax life. The asset is to be used in a 6-year project; at the end of the project, the asset can be sold for $39,600. Required : If the relevant tax rate is 31 percent, what is the aftertax cash flow from the sale of this asset? (Do not round your intermediate calculations.)
$57,057.00
$346,512.00
$27,324.00
$60,060.00
$63,063.00
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