Consider an asset that costs $440,000 and is depreciated straight-line to zero over its 9-year tax life. The asset is to be used in a 5-year project; at the end of the project, the asset can be sold for $55,000.

Required :

If the relevant tax rate is 34 percent, what is the aftertax cash flow from the sale of this asset? (Do not round your intermediate calculations.

a. $36,300.00

b. $97,649.45

c. $672,112.00

d. $102,788.89

e. $107,928.33

Please show calculation/concept