FINANCE-Consider an asset that costs $783,000 and is depreciated straight-line

QUESTION

Consider an asset that costs $783,000 and is depreciated straight-line to zero over its nine-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 $182,000.If the relevant tax rate is 30 percent, what is the aftertax cash flow from the sale of this asset? (Do not round intermediate calculations.) Aftertax salvage value $ ________________

ANSWER:

REQUEST HELP FROM A TUTOR