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consider an asset that costs $716,000 and is depreciated straight-line to zero over its 11 year tax life. The asset is to be used in

consider an asset that costs $716,000 and is depreciated straight-line to zero over its 11 year tax life. The asset is to be used in a 7 year project. At the end of the project, the asset van be sold for $22,000. The relevant tax rate is 30%. What is the after-tax cash flow from the sale of this asset? Answer = 34,600

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