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A business is considering a new 3-year expansion project that requires an initial fixed asset investment of $594,077. The fixed asset will be depreciated straightline

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A business is considering a new 3-year expansion project that requires an initial fixed asset investment of $594,077. The fixed asset will be depreciated straightline to 31,098 over its 3-year tax life, after which time it will have a market value of $86,400. The project requires an initial investment in net working capital of $48,756. The project is estimated to generate $169,546 in annual sales, with costs of $117,061. The tax rate is 0.27 and the required return on the project is 0.11. What is the operating cash flow in years 1 through 3 ? (Make sure you enter the number with the appropriate +/ - sign)

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