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Billy Bob's Monster Trucks is considering the purchase of some new vehicles. The total cost for the vehicles is $440,000 and they are to be

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Billy Bob's Monster Trucks is considering the purchase of some new vehicles. The total cost for the vehicles is $440,000 and they are to be depreciated straight-line to zero over 13 years. The vehicles will be used for 7 years, after which they can be sold for $55,000 if the relevant tax rate is 31 percent, what is the after-tax cash flow from the sale of this asset? (Do not round your intermediate calculations.) NOTE: Taxes are affected when the asset is sold at either a gain or loss over book value. Multiple Choice O $37,950 O $105,949 O $100,904 $95,859 O $890,462

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