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4 . An investment will generate $ 3 0 , 0 0 0 , 0 0 0 in sales revenue each year. Annual expenses will

4. An investment will generate $30,000,000 in sales revenue each year. Annual expenses will equal $10 million for labor, $8 million for materials, and $6 million for other cash expenses. Annual depreciation will equal $2 million. The marginal tax rate is 40%. Calculate the annual after-tax cash flow of the investment. Show all your work.

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