Consider an asset that costs $352,000 and is depreciated straight-line to zero over its 10-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 $44,000.

If the relevant tax rate is 23 percent, what is the aftertax cash flow from the sale of this asset?

A. $58,168.00

B. $61,076.40

C. $297,012.00

D. $33,880.00

E. $55,259.60