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Consider an asset that costs $431,200 and is depreciated straight-line to zero over its 13-year tax life. The asset is to be used in a 8-year project; at the end of the project, the asset can be sold for $53,900. Required : If the relevant tax rate is 30 percent, what is the aftertax cash flow from the sale of this asset? (Do not round your intermediate calculations.)

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Financial Management, Finance

Category:- Financial Management
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