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Consider an asset that costs $ 3 1 6 , 8 0 0 and is depreciated straight - line to zero over its 9 -

Consider an asset that costs $316,800 and is depreciated straight-line to zero over its 9-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 $39,600.
If the relevant tax rate is 23 percent, what is the aftertax cash flow from the sale of this asset?
Multiple Choice
$44,349.80
$30,492.00
$194,448.00
$46,684.00
$49,018.20

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