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A new project will cost $18 million with an expected life of 11 years and will be depreciated straight-line over an 8 year term. EBDT

A new project will cost $18 million with an expected life of 11 years and will be depreciated straight-line over an 8 year term. EBDT are expected to be $3 million per year over the life of the project and firm's tax rate is 30%. Show the expected cash flows per year over the life of this project

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