A marketing research firm with current sales of $400,000 does not expect any growth in sales for
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- A marketing research firm with current sales of $400,000 does not expect any growth in sales for the next 2 years. The company, however, anticipates that expenses, currently at $200,000, will increase to $210,000 next year and to $220,500 the year after. Assuming a tax rate of 34%, determine the firm's current after-tax cash flow as well as projected after-tax cash flow over the next 2 years. Assume there is no depreciation.
Related Book For
Principles of managerial finance
ISBN: 978-0132479547
12th edition
Authors: Lawrence J Gitman, Chad J Zutter
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