Question: PLEASE ANSWER ASAP, URGENT Question 5 Answer saved Points out of 1.00 P Flag question (After-tax salvage value) An asset costs $640,000 and is depreciated

PLEASE ANSWER ASAP, URGENT

PLEASE ANSWER ASAP, URGENT Question 5 Answer saved Points out of 1.00

Question 5 Answer saved Points out of 1.00 P Flag question (After-tax salvage value) An asset costs $640,000 and is depreciated straight- line to zero over its eight-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 $110,000. If the relevant tax rate is 21%, the after-tax cash flow(salvage value) from the sale of this asset is $ 120500

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