When compiling the relevant cash flows for a project,the after-tax value of any asset sold any time during the life of the project should be treated as a

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The after-tax value of any asset sold any time during the life of the project should be treated as a cash flow in the year of sale. This is because the sale of an asset generates a cash inflow, and the after-tax value takes into account any taxes that may be owed on the sale. It is not a cash outflow at Time 0 because it is generated during the life of the project, and it is not a change in net working capital or reduction in the cash flow for Time 0 because it does not relate to the ongoing operations of the project. It is also not a cash flow in the last year of the project because the sale may occur at any point during the project's life.

When Compiling the Relevant Cash Flows for a Project,the After-Tax