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Consider an asset that costs $466,400 and is depreciated straight-line to zero over its 10-year tax life. The asset is to be used in a
Consider an asset that costs $466,400 and is depreciated straight-line to zero over its 10-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 $58,300. Required : If the relevant tax rate is 33 percent, what is the aftertax cash flow from the sale of this asset? (Do not round your intermediate calculations.) $121,817.85 $116,017.00 $847,111.00 $110,216.15 $39,061.00
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