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Consider an asset that costs $492,800 and is depreciated straight-line to zero over its 7-year tax life. The asset is to be used in a
Consider an asset that costs $492,800 and is depreciated straight-line to zero over its 7-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.) $407,188.00 $41,272.00 $87,736.00 $83,349.20 $92,122.80
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