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Consider an asset that costs $670,000 and is depreciated straight-line to zero over its seven year tax life. The asset is to be used in
Consider an asset that costs $670,000 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 $139,000. If the relevant tax rate is 22 percent, what is the after tax cash flow from the sale of this asset?
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