Consider an asset that costs $299,200 and is depreciated straight-line to zero over its 6-year tax life. The asset is to be used in a 2-year project; at the end of the project, the asset can be sold for $37,400.

Required : If the relevant tax rate is 31 percent, what is the aftertax cash flow from the sale of this asset? (Do not round your intermediate calculations.)

Answer is one of the following:

$420,014.00

$92,022.70

$87,640.67

$25,806.00

$83,258.64