Consider an asset that costs $448,800 and is depreciated straight-line to zero over its 5-year tax life. The asset is to be used in a 2-year project; at the end of the project, the asset can be sold for $56,100.

Required :

If the relevant tax rate is 31 percent, what is the aftertax cash flow from the sale of this asset? (Do not round your intermediate calculations.)

Options:

$122,185.80

$128,295.09

$38,709.00

$490,887.00

$116,076.51