Consider an asset that costs $220,000 and is depreciated straight-line to zero over its 15-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 33 percent, what is the aftertax cash flow from the sale of this asset? (Do not round your intermediate calculations.)

$57,145.00

$60,002.25

$18,425.00

$617,387.00

$54,287.75