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Consider an asset that costs $457,600 and is depreciated straight-line to zero over its 10-year tax life. The asset is to be used in a

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Consider an asset that costs $457,600 and is depreciated straight-line to zero over its 10-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 $57,200. If the relevant tax rate is 24 percent, what is the aftertax cash flow from the sale of this asset? Multiple Choice $62,164.96 $290,588.00 $65,436.80 $68,708.64 $43,472.00

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