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Consider an asset that costs $448,800 and is depreciated straight-line to zero over its 9-year...

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Finance

Consider an asset that costs $448,800 and is depreciated straight-line to zero over its 9-year tax life. The asset is to be used in a 6-year project; at the end of the project, the asset can be sold for $56,100. Required: If the relevant tax rate is 33 percent, what is the aftertax cash flow from the sale of this asset? (Do not round your intermediate calculations.) rev: 09_18_2012

$82,607.25

$91,302.75

$86,955.00

$518,937.00

$37,587.00

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