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Consider an asset that costs $378,400 and is depreciated straight-line to zero over its 8-year tax life. The asset is to be used in a
Consider an asset that costs $378,400 and is depreciated straight-line to zero over its 8-year tax life. The asset is to be used in a 5-year project; at the end of the project, the asset can be sold for $47,300. Required: If the relevant tax rate is 30 percent. what is the after tax cash flow from the sale of this asset? (Do not round your intermediate calculations.)
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