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A new project is expected to generate $871636 in revenues, $289637 in cash operating expenses, and depreciation expense of $150996 in each year of 12
A new project is expected to generate $871636 in revenues, $289637 in cash operating expenses, and depreciation expense of $150996 in each year of 12 year life. The corporation's tax rate is 35%. The project will require an increase in net working capital of $87298 at the outset and a decrease in net working capital of $73348 in year 12 . What is the operating free cash flow from the project in the first year, to the nearest dollar
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