The Saunders Company has the following financing outstanding. Debt: 100,000 bonds with a coupon rate of 6 percent and a current price quote of 108 percent of par value; the bonds have 20 years to maturity; the par value is $1,000. Preferred stock: 190,000 shares of 4 percent preferred stock with a current price of $72, and a par value of $100. Common stock: 3,000,000 shares of common stock; the current price is $58, and the beta of the stock is 1.15. Market: The corporate tax ra is 30 percent, the market risk premium is 5 percent, and the risk free rate is 2 percent. 23. Consider an asset that costs $810,000 and is depreciated straight line to zero over its nine 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 $185,000. If the relevant tax rate is 30 percent, what is the after tax cash flow from the sale of this asset