Consider an asset that costs $584,000 and is depreciated straight-line to zero over its eight-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 $182,000. If the relevant tax rate is 21 percent, what is the aftertax cash flow from the sale of this asset? (Do not round intermediate calculations.)

Multiple Choice

• $168,852

• $219,000

• $182,000

• $173,970

• $189,770