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Consider an asset that costs $176,000 and is depreciated straight-line to zero over its 1 3-year tax life. The asset is to be used in
Consider an asset that costs $176,000 and is depreciated straight-line to zero over its 1 3-year tax life. The asset is to be used in a 6-year project; at the end of the project, the asset can be sold for 522,000. Required: If the relevant tax rate is 32 percent, what is the aftertax cash flow from the sale of this asset? (Do not round your intermediate calculations.)
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