The company is evaluating a new project. The project will require 325,000 in new fixed assets, 160,000 in additional inventory and 35,000 in additional trade credits. The service life of the project is 5 years, with an estimated increase of 100,000 euros in trade payables and 300,000 euros in non-trade payables. The fixed assets will be amortized by the Italian amortization method over the life of the project with a final book value of zero. At the end of the project, the fixed assets will be sold at 25% of the original cost. Commercial working capital will recover its initial value at the end of the life of the project. The project is expected to have an annual revenue of 554,000, a fee of 430,000, a tax rate of 35% and a required return of 15%. What is the after-tax cash flow from the sale of fixed assets at the end of the project? (To answer your question about the value of the euro as a whole).

please tell me the calculation processanswer is 47667