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A capital budgeting project will cause EBIT to increase by $44281 per year. The annual depreciation expense is $44747. The firm's tax rate is 24%.

A capital budgeting project will cause EBIT to increase by $44281 per year. The annual depreciation expense is $44747. The firm's tax rate is 24%. At the end, the equipment will be sold for its salvage value of $41809; its book value will be $24266 at that time. The initial increase in net working capital of $16363 will be recaptured at the end of the project's life. What is the cash flow in the last year of the project's life, in $? Include both the annual FCF and the terminal CF. Blank 1. Calculate the answer by read surrounding text.

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