Consider an asset that costs $369,600 and is depreciated straight-line to zero over its 9-year tax life. The asset is to be used in a 6-year project; at the end of the project, the asset can be sold for $46,200.

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

Multiple Choice

• $64,680.00

• $35,112.00

• $61,446.00

• $323,412.00

• $67,914.00