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98. 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

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98. 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 $22,000. The relevant tax rate is 30 percent. What is the aftertax cash flow from the sale of this asset? A. $31,800 B. $32,600 C. $33,300 D. $34,100 E. $34,600

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