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6. What are the following project's operating cash flows for year 1: Sales: $11,000 All costs excluding depreciation: 25% of sales Annual depreciation expense: $3,000

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6. What are the following project's operating cash flows for year 1: Sales: $11,000 All costs excluding depreciation: 25% of sales Annual depreciation expense: $3,000 Tax rate: 21% Purchase price of asset: $8,200 Current assets: $1,000 Current liabilities: $700 A

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