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A firm is considering a project with the following information: - Project will require purchase of a machine for $90,349.00 that is MACAS depreciable over

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A firm is considering a project with the following information: - Project will require purchase of a machine for $90,349.00 that is MACAS depreciable over a five-year schedule. (no depreciation until end of year 1). - Project will require immediate non-depreciable expenses of $25,792.00 TODAY (year 0). - Project will have the following projected balance sheet values of NWC: - Sales for the project will be $47,707.00 per year, with all other expenses (excluding depreciation) at 51.00% of sales. - The tax rate for the firm is 34.00\%, while the cost of capital is 11.00\% 'assume project goes beyond two years What is the prolect's cash flow for year 2 ? Answer format: Currency: Round to: 2 decimal piaces

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