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Consider an asset that costs 1,000,000 and is depreciated using 20 per cent reducing-balance. The asset is to be used in a five-year project; at

Consider an asset that costs 1,000,000 and is depreciated using 20 per cent reducing-balance. The asset is to be used in a five-year project; at the end of the project, the asset can be sold for 200,000. If the relevant tax rate is 18 per cent, what is the after-tax cash flow from the sale of this asset?

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