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A firm has invested $900 in a new machine that is expected to generate cash flows over the next 8 years. The machine will be
A firm has invested $900 in a new machine that is expected to generate cash flows over the next 8 years. The machine will be depreciated on a straight line basis down to zero by the end of its life. The firm projects their annual cash inflows at S750 per year and annual cash outflows at 270 per year. Assuming the tax rate of 38%, determine the firm's cash flow next year. Place your answer to dollars and cents. Do not include a dollar sign or a comma in your
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