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Consider an asset that costs $404,800 and is depreciated straight-line to zero over its 13-year tax life. The asset is to be used in a

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Consider an asset that costs $404,800 and is depreciated straight-line to zero over its 13-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 $50,600. If the relevant tax rate is 22 percent, what is the aftertax cash flow from the sale of this asset? Multiple Choice $87,421.23 $91,792 29 $83,050.17 $685,136.00

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