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Question 3 1 pts Consider an assets that costs $440,000 and is depreciated straight-line to zero over its eight-year tax life. The asset is to

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Question 3 1 pts Consider an assets that costs $440,000 and is depreciated straight-line to zero over its eight-year tax life. The asset is to be used in a five-year project; at the end of the project, the asset can be sold for $55,000. If the relevant tax rate is 35 percent, what is the after-tax cash flow from the sale of this asset? Select the range that includes the correct answer. Less than $90,000 Greater than or equal to $90,000 but less than $100,000 Greater than or equal to $100,000 but less than $110,000 Greater than or equal to $110,000 but less than $120,000 Greater than or equal to $120,000

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