Consider an asset that costs $184,800 and is depreciated straight-line to zero over its 12-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

$368,457.00

$17,787.00

$43,816.85

$46,123.00

$48,429.15