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3. ABC Company expects to generate $92,000 in sales in the long term. ABC Company's operating costs, excluding depreciation, are 75% of sales. The company
3. ABC Company expects to generate $92,000 in sales in the long term. ABC Company's operating costs, excluding depreciation, are 75% of sales. The company only has one asset, a machine that was just purchased for $150,000. The machine will be depreciated according to the MACRS 3- year class of assets. ABC Company's marginal tax rate is 25 percent, and it has no debt. Compute ABC Company's (a) net income and (b) after-tax operating cash flow for the next four years
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