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 730,000 192,000 23% 8 5 Complete the following analysis. Do not hard code values in your calculations. Annual depreciation Accumulated depreciation 18 9 20 21 Book value Aftertax cash flow 21 22 23 24 25 26 27 Aftertax cash flow Pretax salvage value Taxes Aftertax salvage value