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An asset costs $100,000 and is depreciated straight-line to zero over its 4 year life. The asset will be used for a three-year project and

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An asset costs $100,000 and is depreciated straight-line to zero over its 4 year life. The asset will be used for a three-year project and after 3 years it will be sold for $30,000. If the tax rate is 35%, what is the after-tax cash flow from the sale of the asset? $30,000 $28,250 $34,750 $15,250

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