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A firm is considering a project with the following information: Project will require purchase of a machine for $99,659.00 that is MACRS depreciable over a

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A firm is considering a project with the following information: Project will require purchase of a machine for $99,659.00 that is MACRS depreciable over a five-year schedule. depreciation until end of year 1). Project will require immediate non-depreciable expenses of $28,979.00 TODAY (year 0). Project will have the following projected balance sheet values of NWC: YEAR 0 1 2 NWC Level $4,000 10.00% of sales 8.00% of sales Sales for the project will be $49,119.00 per year, with all other expenses (excluding depreciation) at 54.00% of sales. The tax rate for the firm is 36.00%, while the cost of capital is 13.00% assume project goes beyond two years . What is the project's cash flow for year 2? Submit Answer format: Currency: Round to: 2 decimal places

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