Consider an asset that costs $299,200 and is depreciated straight-line to zero over its 7-year tax life. The asset is to be used in a 4-year project; at the end of the project, the asset can be sold for $37,400. If the relevant tax rate is 23 percent, what is the aftertax cash flow from the sale of this asset?

Multiple Choice

$61,205.10

$58,290.57

$55,376.04

$28,798.00

$252,462.00