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Question 7 (5 points) Three years ago your firm bought an asset that is being depreciated on a straight-line basis to zero over a 4-

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Question 7 (5 points) Three years ago your firm bought an asset that is being depreciated on a straight-line basis to zero over a 4- year life. The asset cost $160,000 and is being sold for $10,000 today. The tax rate is 30%. What is the after- tax cash flow from the sale of the asset? $87,000 $10,000 $19,000 $8,500

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