Consider an asset that costs $360,800 and is depreciated straight-line to zero over its 6-year tax life. The asset is to be used in a 2-year project; at the end of the project, the asset can be sold for $45,100.

If the relevant tax rate is 24 percent, what is the aftertax cash flow from the sale of this asset?

• $96,604.20
• $87,403.80
• $402,304.00
• $34,276.00
• $92,004.00