What is the after-tax cash flow from the sale of this asset

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Reference no: EM131352269

Consider an asset that costs $511,000 and is depreciated straight-line to zero over its seven-year tax life The asset is to be used in a five-year project, at the end of the project, the asset can be sold for $168 000 If the relevant tax rate is 34 percent, what is the after-tax cash flow from the sale of this asset? (Do not round intermediate calculations.) After-tax salvage value $ _______

Reference no: EM131352269

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