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A 4 - year project has an annual operating cash flow of $ 4 7 , 5 0 0 . At the beginning of the
A year project has an annual operating cash flow of $ At the beginning of the project, $ in net working capital was required, which will be recovered at the end of the project. The firm also spent $ on equipment to start the project. This equipment will have a book value of $ at the end of the project, but can be sold for $ The tax rate is percent. What is the Year cash flow?
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