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16 1 pts A proposed expansion project is expected to increase sales of JL Ticker's Store by $68,000 and increase cash expenses by $39,000. The
16 1 pts A proposed expansion project is expected to increase sales of JL Ticker's Store by $68,000 and increase cash expenses by $39,000. The project will cost $34,000 and be depreciated using straight- line depreciation to a zero book value over the 4-year life of the project. The store has a marginal tax rate of 30 percent. What is the operating cash flow of the project using the tax shield approach? $22,850 O $21,150 $23,250 $24.850
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