Consider an asset that costs 369600 and is depreciated, Ask an Expert

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Consider an asset that costs $369,600 and is depreciated straight-line to zero over its 7-year tax life. The asset is to be used in a 4-year project; at the end of the project, the asset can be sold for $46,200. If the relevant tax rate is 32 percent, the after tax cash flow from the sale of this asset is $_________.

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Financial Management, Finance

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