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Consider an asset that costs $184,800 and is depreciated straight-line to zero over its 9- year tax life. The asset is to be used in
Consider an asset that costs $184,800 and is depreciated straight-line to zero over its 9- year tax life. The asset is to be used in a 4-year project; at the end of the project, the asset can be sold for $23,100. If the relevant tax rate is 23 percent, what is the aftertax cash flow from the sale of this asset? Multiple Choice $43,470.35 $41,400.33 $240,945.00 $39,330.31 $17,787.00
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