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UT 5 Consider an asset that costs $246,400 and is depreciated straight-line to zero over its 6-year tax life. The asset is to be used

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UT 5 Consider an asset that costs $246,400 and is depreciated straight-line to zero over its 6-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. 10 points If the relevant tax rate is 24 percent, what is the aftertax cash flow from the sale of this asset? Multiple Choice $52,976.00 $215,612.00 $23,408.00 $50,327.20 $55,624.80

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