Consider an asset that costs $281,600 and is depreciated straight-line to zero over its 12-year tax life. The asset is to be used in a 6-year project; at the end of the project, the asset can be sold for $35,200.

If the relevant tax rate is 32 percent, what is the aftertax cash flow from the sale of this asset? (Do not round your intermediate calculations.)

a) $72,441.60

b) $587,148.00

c) $65,542.40

d) $68,992.00

e) $23,936.00