Consider an asset that costs $281,600 and is depreciated straight-line to zero over its 6-year tax life. The asset is to be used in a 3-year project; at the end of the project, the asset can be sold for $35,200.

If the relevant tax rate is 22 percent, what is the aftertax cash flow from the sale of this asset?

Multiple Choice

$228,812.00

$58,432.00

$55,510.40

$61,353.60

$27,456.00