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74. For a new project, a company plans to invest $15,000 in inventory, $8,000 in accounts receivable and $150,000 in fixed assets with a salvage

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74. For a new project, a company plans to invest $15,000 in inventory, $8,000 in accounts receivable and $150,000 in fixed assets with a salvage value of $44,001. Accounts payable will increase by $13,000 when the project starts. Assets are depreciated straight line to zero over the 4-year life of the project. Taxes are 35%. Which one of the following statements is correct concerning the cash ow in year 4? A. $15,000 is a cash outow from inventory. B. The cash ow from the salvage value is equal to $44,000 multiplied by 35%. C. $13,000 is a cash inow from accounts payable. D. The net salvage value is a cash outow. E. $8,000 is a cash inow from accounts receivable

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