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A Company purchases new equipment for the amount of $400. The equipment is expected to last 10 years and be depreciated on a straight-line basis

A Company purchases new equipment for the amount of $400. The equipment is expected to last 10 years and be depreciated on a straight-line basis down to zero. The new equipment is expected to generate cash inflows of $300 and outflows of $100. If tax rate is 35.0% which of the following is closest project cash flows from the equipment in year 1?

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