6. Consider an asset that costs $176,000 and is depreciated straight-line to zero over its 11-year tax life. The asset is to be used in a 7-year project; at the end of the project, the asset can be sold for $85,000. The relevant tax rate is 30 percent. What is the amount of the aftertax salvage value of this asset?

A.

$41,800

B.

$52,300

C.

$63,500

D.

$78,700

E.

$89,600