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Consider an asset that costs $237,600 and is depreciated straight-line to zero over its 11-year tax...

Consider an asset that costs $237,600 and is depreciated straight-line to zero over its 11-year tax life. The asset is to be used in a 7-year project; at the end of the project, the asset can be sold for $29,700. Required : If the relevant tax rate is 34 percent, what is the aftertax cash flow from the sale of this asset? (Do not round your intermediate calculations.)

$19,602.00

$46,529.10

$362,946.00

$48,978.00

$51,426.90

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