The Devin Booker Co$.$ has an asset that costs $$202,400$ and is depreciated straight$-$line

to zero over its $10-$year tax life. The asset is to be used in a $6-$year project; at the end of

the project, the asset can be sold for $$25,300.$

If the relevant tax rate is $25$ percent, what is the aftertax cash flow from the sale of this

asset?

Multiple Choice

$$18,975\mathrm{.}00$

$$39,215\mathrm{.}00$

$$41,175\mathrm{.}75$

$$234,037\mathrm{.}00$