Consider a project with an initial asset cost of $168,000. A…
Consider a project with an initial asset cost of $168,000. Assume straight-line depreciation to zero over seven years. At the end of the project’s four-year life the asset can be sold for $95,000. What is the aftertax salvage value if the project is sold after four years? Use a tax rate of 24 percent. You may use the following Excel workbook for your calculations. Any work in Excel or on scrap paper does not have to be submitted. Blank Workbook.xlsx