Consider an asset that costs $378,400 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 $47,300.

Required :

If the relevant tax rate is 35 percent, what is the aftertax cash flow from the sale of this asset? (Do not round your intermediate calculations.)

$858,507.00

$30,745.00

$96,464.71

$91,871.15

$87,277.59