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Consider an asset that costs $966,000 and is depreciated straight-line to zero over its ten-year tax life. The asset is to be used in a

Consider an asset that costs $966,000 and is depreciated straight-line to zero over its ten-year tax life. The asset is to be used in a seven-year project; at the end of the project, the asset can be sold for $136,800.


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If the relevant tax rate is 35 percent, what is the aftertax cash flow from the sale of this asset? (Do not include the dollar sign ($).)

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