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Consider an asset that costs $325,600 and is depreciated straight-line to zero over its 7- year tax life. The asset is to be used
Consider an asset that costs $325,600 and is depreciated straight-line to zero over its 7- 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 $40,700. If the relevant tax rate is 22 percent, what is the aftertax cash flow from the sale of this asset?
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Fundamentals of Corporate Finance
Authors: Stephen M. Ross, Randolph W Westerfield, Robert R. Dockson, Bradford D Jordan
12th edition
007353062X, 73530628, 1260153592, 1260153590, 978-1260153590
