Question: please help! An asset used in a 4-year project falls in the 5-year MACRS class (MACRS Table) for tax purposes. The asset has an acquisition

please help! please help! An asset used in a 4-year project falls in

An asset used in a 4-year project falls in the 5-year MACRS class (MACRS Table) for tax purposes. The asset has an acquisition cost of $12,600,000 and will be sold for $2,800,000 at the end of the project. If the tax rate is 22 percent, what is the aftertax salvage value of the asset? Consider an asset that costs $440,000 and is depreciated straight-line to zero over its 8- year tax life. The asset is to be used in a 4-year project; at the end of the project, the asset can be sold for $55,000. If the relevant tax rate is 24 percent, what is the aftertax cash flow from the sale of this asset

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