Consider an asset that costs $334,400 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 $41,800.

Required :

If the relevant tax rate is 32 percent, what is the aftertax cash flow from the sale of this asset? (Do not round your intermediate calculations.)

$99,762.67

$28,424.00

$94,774.54

$697,236.00

$104,750.80