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. If the relevant income tax rate is 40 percent, and the capital gains rate is 20 percent, what is the after-tax cash flow from the sale of this asset?

1) At the end of the project, the asset can be sold for $192,000. After-tax salvage value=?