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A business is considering a new 3-year expansion project that requires an initial fixed asset investment of $515,389. The fixed asset will be depreciated straight-line

A business is considering a new 3-year expansion project that requires an initial fixed asset investment of $515,389. The fixed asset will be depreciated straight-line to 22,408 over its 3-year tax life, after which time it will have a market value of $118,428. The project requires an initial investment in net working capital of $57,866. The project is estimated to generate $190,878 in annual sales, with costs of $133,981. The tax rate is 0.28 and the required return on the project is 0.08. 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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