What is the after-tax cash flow from a sale of the following asset? Asset cost: $311,000 Depreciation: straight line to zero Asset useful life: 6 years Asset to be used in a four-year project Asset to be sold at the end of the project for $58,000 Tax rate: 34%

$73,526.67

$68,411.19

$70,103.33

$40,466.67