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Consider an asset that costs $334,400 and is depreciated straight-line to zero over its 13-year tax life. The asset is to be used in a
Consider an asset that costs $334,400 and is depreciated straight-line to zero over its 13-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 $41,800. Required: If the relevant tax rate is 30 percent, what is the aftertax cash flow from the sale of this asset? (Do not round your intermediate calculations.) $29,260.00 O $75,561.54 O $71783.46 O $656,272.00 O $79,339.62
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