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A firm is considering a project with the following information Project will require purchase of a machine for $116,766.00 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 $116,766.00 that is MACRS depreciable over a five-year schedule. (n depreciation until end of year 1). Project will require immediate non-depreciable expenses of $26,492.00 TODAY (year). Project will have the following projected balance sheet values of NWC: . YEAR 0 1 2 NWC Level $4,000 9.00% of sales 10.00% of sales - Sales for the project will be $57,820.00 per year with all other expenses (excluding depreciation) at 48.00% of sales The tax rate for the firm is 38.00%, while the cost of capital is 14.00% 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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