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A project has an operating cash flow of $31,200. Initially, this 4 -year project required $6,200 in net working capital, which is recoverable when the

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A project has an operating cash flow of $31,200. Initially, this 4 -year project required $6,200 in net working capital, which is recoverable when the project ends. The firm also spent $18,100 on equipment to start the project. This equipment will have a book value of $3,500 at the end of year 4 . What is the cash flow for year 4 of the project if the equipment can be sold for $3,400 and the tax rate is 31.9 percent? Answer Tolerance: $375

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