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Consider an asset that costs $404,800 and is depreciated straight-line to zero over its 15-year tax life. The asset is to be used in a
Consider an asset that costs $404,800 and is depreciated straight-line to zero over its 15-year tax life. The asset is to be used in a 8-year project; at the end of the project, the asset can be sold for $50,600. Required : If the relevant tax rate is 32 percent, what is the aftertax cash flow from the sale of this asset? (Do not round your intermediate calculations.)
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