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Consider a profitable company with an asset that costs $10,000,000 that is depreciated straight-line to zero over its 11 year depreciable tex life. The asset

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Consider a profitable company with an asset that costs $10,000,000 that is depreciated straight-line to zero over its 11 year depreciable tex life. The asset is to be used in a 4 year project; at the end of the project, the asset can be soid for $344,000. If the relevant tax rate is 16%, what is the after tax cash flow from the sale of this asset (after-tax salyagel? a. 1260791 b. 1361460 c. 1261410 d. 1307142 e. 1333521

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