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29. A project requires an initial capital spending on the fixed asset of $790,395. The asset will be depreciated straight-line to zero over the project's
29. A project requires an initial capital spending on the fixed asset of $790,395. The asset will be depreciated straight-line to zero over the project's life of 4 years. The project will generate $300,150 in annual sales, with annual operating costs of $260,130. The tax rate is 27% . What is the annual operating cash flow for this project? (Round answers to two decimals, such as 1234.78)
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