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Question: Consider an asset that costs $343,200 and is depreciated straight-line to zero over its 6-year ta...

Consider an asset that costs $343,200 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 $42,900.

Required :

If the relevant tax rate is 31 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
Reference No.:- M92805207

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