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A new project is expected to generate $881297 in revenues, $331673 in cash operating expenses, and depreciation expense of $174256 in each year of its
A new project is expected to generate $881297 in revenues, $331673 in cash operating expenses, and depreciation expense of $174256 in each year of its 11-year life. The corporation's tax rate is 29%. The project will require an increase in net working capital of $94346 at the outset and a decrease in net working capital of $69920 in year 11. What is the operating free cash flow from the project in the first year, to the nearest dollar?
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