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Consider an asset that costs $246,400 and is depreciated straight-line to zero over its 7- year tax life. The asset is to be used in

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Consider an asset that costs $246,400 and is depreciated straight-line to zero over its 7- year tax life. The asset is to be used in a 3-year project; at the end of the project, the asset can be sold for $30,800. If the relevant tax rate is 23 percent, what is the aftertax cash flow from the sale of this asset? Multiple Choice $56,100.00 $53,295.00 $264,584.00 $58,905.00 $23,716.00

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