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A project is estimated to generate sales revenue of $10 million with expenses of $9 million. No change innet working capital is expected. Marginal profits
A project is estimated to generate sales revenue of $10 million with expenses of $9 million. No change innet working capital is expected. Marginal profits will be taxed at a 35 percent rate. If the project's operating cash flow is $1 million, what is the project's depreciation expense? Its net income
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