Consider an asset that costs $272,800 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 $34,100. If the relevant tax rate is 22 percent, what is the aftertax cash flow from the sale of this asset?

Multiple Choice

$26,598.00

$64,687.70

$461,726.00

$61,607.33

$58,526.96