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a capital project will require a firm to spend $477,000 to purchase and install new equipment which will be depreciated on a straight-line basis over

a capital project will require a firm to spend $477,000 to purchase and install new equipment which will be depreciated on a straight-line basis over its 5-year life to a value of $0. the company will also experience an immediate increase in networking capital of $96,000. the project is expected to generate annual sales of $282,000 and incur costs of goods sold and operating expenses of $135,000 per year the company's marginal tax rate is 23%. What's the annual operating cash flow for the project?

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