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 5-year project; at the end of the project, the asset can be sold for $36,300.

If the relevant tax rate is 24 percent, what is the aftertax cash flow from the sale of this asset?

Multiple Choice

• $532,896.00

• $27,588.00

• $68,244.00

• $64,831.80

• $71,656.20