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A project is expected to increase a firms sales revenue by $12,000 annually, decrease it cash expenses by $18,000 annually, and increase its depreciation by

A project is expected to increase a firms sales revenue by $12,000 annually, decrease it cash expenses by $18,000 annually, and increase its depreciation by $10,000 annually. Given this information, what is the projects expected annual net cash flow? Use a 40% effective tax rate.

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