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Consider an asset that costs $ 7 2 0 , 0 0 0 and is depreciated straight - line to zero over its eight -

Consider an asset that costs $720,000 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 $159,000. If the relevant tax rate is 22 percent, what is the
aftertax cash flow from the sale of this asset? (Do not round intermediate calculations
and round your answer to the nearest whole number, e.g.,32.)
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