If the relevant tax rate is 33 percent what is the aftertax


Consider an asset that costs $8,959 and is depreciated straight-line to zero over its nine-year tax life. The asset is to be used in a 6-year project; at the end of the project, the asset can be sold for $1,454. If the relevant tax rate is 33 percent, what is the aftertax cash flow from the sale of this asset?

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Financial Management: If the relevant tax rate is 33 percent what is the aftertax
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