Consider an asset that costs $220,000 and is depreciated straight-line to zero over its 10-year tax life. The asset is to be used in a 3-year project; at the end of the project, the asset can be sold for $27,500. If the relevant tax rate is 22 percent, what is the aftertax cash flow from the sale of this asset?

Multiple Choice

$372,362.00

$21,450.00

$55,330.00

$52,563.50

$58,096.50