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Consider an asset that costs $551,202 and is depreciated straight-line to zero over its seven-year tax life. The asset is to be used in a
Consider an asset that costs $551,202 and is depreciated straight-line to zero over its seven-year tax life. The asset is to be used in a five-year project; at the end of the project, the asset can be sold for $173,110. If the relevant tax rate is 38 percent, what is the aftertax cash flow from the sale of this asset?(Round your final answer to the nearest dollar amount. Omit the "$" sign and commas in your response.For example, $123,456.78 should be entered as 123457.)
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