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An investment project is expected to generate earnings before taxes (EBT) of $60,000 per year. Annual depreciation from the project is $30,000 and the firms
An investment project is expected to generate earnings before taxes (EBT) of $60,000 per year. Annual depreciation from the project is $30,000 and the firms tax rate is 40 percent. Determine the projects annual net cash flows.
$48,000
$66,000
$36,000
$52,000
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