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Consider an asset that costs $299,200 and is depreciated straight-line to zero over its 9 year tax life. The asset is to be used in

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Consider an asset that costs $299,200 and is depreciated straight-line to zero over its 9 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 $37,400. If the relevant tax rate is 23 percent, what is the aftertax cash flow from the sale of this asset? Muliple Choice $70,941.56 $78,40910 $458.91000 $74.675.33 $28,79800

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