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Consider an asset that costs $246,400 and is depreciated straight-line to zero over its 11- year tax life. The asset is to be used in
Consider an asset that costs $246,400 and is depreciated straight-line to zero over its 11- 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 $30,800. If the relevant tax rate is 23 percent, what is the aftertax cash flow from the sale of this asset? Multiple Choice $377,928.00 $23,716.00 $54,628.00 $51,896.60 $57,359.40
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