You have been asked by the president of your company to evaluate the proposed acquisition of a new special-purpose truck for $60,000. the truck falls into the macrs 3-year class, and it will be sold after three years for $19,200. use of the truck will require an increase in nwc (spare parts inventory) of $1,200. the truck will have no effect on revenues, but it is expected to save the firm $20,600 per year in before-tax operating costs, mainly labor. the firm’s marginal tax rate is 39 percent. what will the cash flows for this project be?

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.