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Consider an asset that costs $475,200 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 $475,200 and is depreciated straight-line to zero over its 10-year tax life. The asset is to be used in a 6-year project; at the end of the project, the asset can be sold for $59,400. If the relevant tax rate is 24 percent, what is the aftertax cash flow from the sale of this asset? Multiple Choice hy $529.860.00 $90.763.20 Multiple Choice $529,860.00 $90,763.20 $45,144.00 $86,225.04 $95,301.36
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