Consider an asset that costs $220,000 and is depreciated straight-line to zero over its 12-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 24 percent, what is the aftertax cash flow from the sale of this asset? Consider an asset that costs $220,000 and is depreciated straight-line to zero over its 12-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 24 percent, what is the aftertax cash flow from the sale of this asset