Consider an asset that costs $655,000 and is depreciated straight-line to zero over its 8-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 $129,000. If the relevant tax rate is 24 percent, what is the aftertax cash flow from the sale of this asset?

Consider an asset that costs $655,000 and is depreciated straight-line to zero over its 8 -year tax life. The asset is to be used in a 6year project; at the end of the project, the asset can be sold for $129,000. If the relevant tax rate is 24 percent, what is the aftertax cash flow from the sale of this asset? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32