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Consider an asset that costs $730,000 and can be depreciated at 20 percent per year over its eight-year life. The asset is to be used

Consider an asset that costs $730,000 and can be depreciated at 20 percent per year over its eight-year life. The asset is to be used in a three-year project; at the end of the project, the asset can be sold for $480,200. The company faces a tax rate of 26%. The sale of this asset will close the asset class. What is the after-tax cash flow from the sale of the asset? (answer is $464,673, please show all the steps)

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