Consider an asset that costs $$220,000$ and is depreciated straight$-$line to zero over its $9-$year tax life. The asset is to be used in a $5-$year project; at the end of the project, the asset can be sold for $$27,500.$

If the relevant tax rate is $23$ percent, what is the aftertax cash flow from the sale of this asset?

Multiple Choice

$$21,175\mathrm{.}00$

$$43,663\mathrm{.}89$

$$236,237\mathrm{.}00$

$$45,847\mathrm{.}08$

$$41,480\mathrm{.}70$