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Consider an asset that costs $413,600 and is depreciated straight-line to zero over its 8 year tax life. The asset is to be used in

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Consider an asset that costs $413,600 and is depreciated straight-line to zero over its 8 year tax life. The asset is to be used in a 4year project; at the end of the project, the asset can be sold for $51,700. If the relevant tax rate is 24 percent, what is the aftertax cash flow from the sale of this asset? Multiple Choice $88,924.00 $93,370.20 $461,176.00 $39,292.00 $84.477.80

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