P10-7 Calculating Salvage Value [LO1] Consider an asset that costs $228,800 and is depreciated straight-line to zero over its 16-year tax life. The asset is to be used in a 8-year project; at the end of the project, the asset can be sold for $28,600. Required: If the relevant tax rate is 34 percent, what is the aftertax cash flow from the sale of this asset? (Do not round your intermediate calculations.) O $60,660.60 $57772.00 O $660,672.00 $18,876.00 O $54,883.40