Consider an asset that costs $1,406,251 and is depreciated straight-line to 62,154 over its 11-year tax life.
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Question:
Consider an asset that costs $1,406,251 and is depreciated straight-line to 62,154 over its 11-year tax life. The asset is to be used in a 5-year project; at the end of the project, the asset can be sold for $152,273. If the relevant tax rate is 0.29, what is the aftertax cash flow from the sale of this asset (SVNOT)?
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