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e n Consider an asset that costs $311,000 and is depreciated straight-line to zero over its six-year tax life. The asset is to be
e n Consider an asset that costs $311,000 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 $58,000. If the relevant tax rate is 21 percent, what is the aftertax cash flow from the sale of this asset? a $42,473.33 b $68,411.19 $40,466.67 d $67,590.00 $70,103.33
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