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A nine-year project is expected to generate annual revenues of $114,500 and annual costs of $87,600 The annual depreciation is $3,500 and the tax rate

A nine-year project is expected to generate annual revenues of $114,500 and annual costs of $87,600 The annual depreciation is $3,500 and the tax rate is 34 percent. What is the annual operating cash flow? A. $14,301 B. $14,788 C. $15,052 D. $17,506 E. $18,944

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