Consider an asset that costs 228800 and is depreciated, Financial Management

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Consider an asset that costs 228800 and is depreciated

Consider an asset that costs $228,800 and is depreciated straight-line to zero over its 11-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 $28,600.

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: Consider an asset that costs 228800 and is depreciated

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Financial Management: Consider an asset that costs 228800 and is depreciated

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