Consider an asset that costs $492,800 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 $61,600.

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.)

rev: 09_18_2012

$107,871.86

$119,226.80

$41,272.00

$113,549.33

$732,436.00