Consider an asset that costs $864,000 and is depreciated straight-line to zero over its six-year tax life. The asset is to be used in a four-year project; at the end of the project, the asset can be sold for $135,000.

Required:

If the relevant tax rate is 34 percent, what is the aftertax cash flow from the sale of this asset? (Do not round intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Aftertax salvage value

$