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( After - tax salvage value ) An asset costs $ 6 4 0 , 0 0 0 and is depreciated straight - line to

(After-tax salvage value) An asset costs $640,000 and is depreciated straight-line to zero over its eight-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 $290,000. If the relevant tax rate is 21%, the after-tax cash flow(salvage value) from the sale of this asset is $__________________.

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