Question: Consider an asset that costs $ 7 0 0 , 0 0 0 and is depreciated straight - line to zero over its 9 -

Consider an asset that costs $700,000 and is depreciated straight-line to zero over its 9-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 $183,000. If the relevant tax rate is 23 percent, what is the aftertax cash flow from the sale of this asset?
Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g.,32.

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