Question: H&H is considering a new project. The project will require $522,000 for new fixed assets. The project has a 6-year life. The fixed assets will

H&H is considering a new project. The project will require $522,000 for new fixed assets. The project has a 6-year life. The fixed assets will be depreciated straight-line to a zero book value over the life of the project. At the end of the project, the fixed assets can be sold for 20 percent of their original cost. The tax rate is 34 percent. What is the amount of the aftertax cash flow from the sale of the fixed assets at the end of this project?

answer: $68,904

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