Consider an asset that costs $290,400 and is depreciated straight-line to zero over its 12-year tax life. The asset is to be used in a 7-year project; at the end of the project, the asset can be sold for $36,300. Required : If the relevant tax rate is 31 percent, what is the aftertax cash flow from the sale of this asset? Hint: If sold at a loss, taxes will be negative, so ATSV = selling price - taxes on gain, would result in subtracting negative taxes. (Do not round your intermediate calculations.)

$25,047.00

$497,685.00

$62,557.00

$65,684.85

$59,429.15