Consider an asset that costs $237,600 and is depreciated straight-line to zero over its 11-year tax life. The asset is to be used in a 8-year project; at the end of the project, the asset can be sold for $29,700.

If the relevant tax rate is 21 percent, what is the aftertax cash flow from the sale of this asset?

Multiple Choice

• $35,217.45

• $37,071.00

• $38,924.55

• $23,463.00

• $185,637.00