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A business corporation is considering a new three year project that requires an initial fixed asset investment of $5.6 million. The fixed asset will be

A business corporation is considering a new three year project that requires an initial fixed asset investment of $5.6 million. The fixed asset will be depreciated straight-line to zero over a 4 year life. The project is estimated to generate $3 million in annual sales with variable costs of $700,000 and fixed costs of $300,000. If the tax rate is 25% what are the operating cash flows for years 0,1,2 and 3 for this project?

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