ework 1 Due on Oct 15th before Midnight Question 8 (of 10) 10.00 points Consider an asset that costs $532,000 and is depreciated straight-line to zero over its seven-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 $171,000 If the relevant tax rate is 34 percent, what is the aftertax cash flow from the sale of this asset? (Do not round intermediate calculations.) Aftertax salvage value References eBook & Resources Worksheet Learming Objective: 10-01 How to determine the relevant cash flows for a Difficulty: Basic Section: 10.4 More about Project Cash 2 3 4 5 6