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A gym owner is considering opening a location on the other side of town. The new facility will cost $1.58 million and will be depreciated
A gym owner is considering opening a location on the other side of town. The new facility will cost $1.58 million and will be depreciated on a straight-line basis over a 20 -year period. The new gym is expected to generate $581,000 in annual sales. Variable costs are 38 percent of sales, the annual fixed costs are $94,900, and the tax rate is 24 percent. What is the operating cash flow? Multiple Choice $280.643 $284.280 582.637 5338.396 Multiple Choice $280,643 $284,280 $82,637 $388,396 $220,603
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