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A project will increase sales by $60,000 and cash expenses by $51,000. The project will cost $40,000 and will be depreciated using straightline depreciation to

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A project will increase sales by $60,000 and cash expenses by $51,000. The project will cost $40,000 and will be depreciated using straightline depreciation to a zero book value over the 4-year life of the project. The company has a marginal tax rate of 21%. What is the operating cash flow of the project using the tax shield approach? [Show the work]

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