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Consider an asset that costs $396,000 and is depreciated straight-line to zero over its 12-year tax life. The asset is to be used in
Consider an asset that costs $396,000 and is depreciated straight-line to zero over its 12-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 $49,500. If the relevant tax rate is 21 percent, what is the aftertax cash flow from the sale of this asset?
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Multinational financial management
Authors: Alan c. Shapiro
10th edition
9781118801161, 1118572386, 1118801164, 978-1118572382
