Calculating nominal cash flow etonic, inc., is considering an investment of $395,000 in an asset with an economic life of five years. the firm estimates that the nominal annual cash revenues and expenses at the end of the first year will be $255,000 and $82,000, respectively. both revenues and expenses will grow thereafter at the annual inflation rate of 3 percent. the company will use the straight-line method to depreciate its asset to zero over five years. the salvage value of the asset is estimated to be $45,000 in nominal terms at that time. the one-time net working capital investment of $15,000 is required immediately and will be recovered at the end of the project. the corporate tax rate is 34 percent. what is the project’s total nominal cash flow from assets for each year?

Required information lansing company’s 2017 income statement and selected balance sheet data (for current assets and current liabilities) at december 31, 2016 and 2017, follow. lansing company income statement for year ended december 31, 2017 sales revenue $130,200 expenses cost of goods sold 53,000 depreciation expense 17,500 salaries expense 29,000 rent expense 10,100 insurance expense 4,900 interest expense 4,700 utilities expense 3,900 net income $7,100 lansing company selected balance sheet accounts at december 31 2017 2016 accounts receivable $6,700 $8,000 inventory 3,080 2,090 accounts payable 5,500 6,800 salaries payable 1,100 810 utilities payable 440 270 prepaid insurance 370 500 prepaid rent 440 290 required: prepare the cash flows from operating activities section only of the company’s 2017 statement of cash flows using the indirect method. (amounts to be deducted should be indicated with a minus sign.)