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Anubis Corp. is considering a project with an estimated operating income of $ 8 5 0 , 0 0 0 per year. The project will

Anubis Corp. is considering a project with an estimated operating income of $850,000 per year. The project will be partially financed with $1M of debt that carries a 3% interest rate. Using the FTE method, find the annual cash flow, taking into account that there will be no depreciation, net working capital, or investment cash flows, and assuming a corporate tax rate of 30% and an unlevered cost of equity of 8%.

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