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4.5points Time Remaining 3 hours 45 minutes 22 seconds 03:45:22 Return to question Item 11 Time Remaining 3 hours 45 minutes 22 seconds 03:45:22 Consider
4.5points
Time Remaining 3 hours 45 minutes 22 seconds
03:45:22
Return to question
Item 11
Time Remaining 3 hours 45 minutes 22 seconds
03:45:22
Consider an asset that costs $665,000 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 $141,000. If the relevant tax rate is 21 percent, what is the aftertax cash flow from the sale of this asset?
Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.
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