Consider an asset that costs $$730,000$ and is depreciated straight$-$line to zero over its eight$-$year tax life. The asset is to be used in a five$-$year project, at the end of the project, the asset can be sold for $$192,000.$ If the relevant tax rate is $23$ percent, what is the aftertax cash flow from the sale of this asset?

Costs

Pretax salvage value

Tax rate

Years for depreciation

Year asset is sold

s

$730,000$

S

$192,000$

$23\%$

$8$

$5$