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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

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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? $10,000 $87,000 $8,500 $19,000

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