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Business, 31.03.2020 03:01 liann8776

A 4-year project has an annual operating cash flow of $48,000. At the beginning of the project, $3,900 in net working capital was required, which will be recovered at the end of the project. The firm also spent $21,700 on equipment to start the project. This equipment will have a book value of $4,380 at the end of the project, but can be sold for $5,460. The tax rate is 40 percent. What is the Year 4 cash flow?

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A 4-year project has an annual operating cash flow of $48,000. At the beginning of the project, $3,9...
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