Question: Consider an asset that costs $343,200 and is depreciated straight-line to zero over its 6-year ta...
Consider an asset that costs $343,200 and is depreciated straight-line to zero over its 6-year tax life. The asset is to be used in a 3-year project; at the end of the project, the asset can be sold for $42,900.
Required :
If the relevant tax rate is 31 percent, what is the aftertax cash flow from the sale of this asset? (Do not round your intermediate calculations.)