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Consider an asset that costs $220,000 and is depreciated straight-line to zero over its 13-year tax life. The asset is to be used in a

Consider an asset that costs $220,000 and is depreciated straight-line to zero over its 13-year tax life. The asset is to be used in a 7-year project; at the end of the project, the asset can be sold for $27,500. Required : If the relevant tax rate is 34 percent, what is the aftertax cash flow from the sale of this asset?

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