Consider an asset that costs 970000 and is depreciated, Financial Management

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Consider an asset that costs 970000 and is depreciated

Consider an asset that costs $970,000 and is depreciated straight-line to zero over its ten-year tax life. The asset is to be used in a seven-year project; at the end of the project, the asset can be sold for $136,400.

If the relevant tax rate is 40 percent, what is the aftertax cash flow from the sale of this asset? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

Aftertax salvage value $

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Financial Management: Consider an asset that costs 970000 and is depreciated

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