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Assume that a company has a project that qualifies for a depreciation allowance under Section 12C and tha following information applies: Cost of project (excluding

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Assume that a company has a project that qualifies for a depreciation allowance under Section 12C and tha following information applies: Cost of project (excluding VAT) ................ R92m Annual net operating revenues generated ... R24m Section 12 C allowance for a specific year 20% Corporate tax rate *** ********* 28% Use the above information to calculate the cash flow for the year. Enter your answer in millions (Rm) rounded to two places after the decimal point here R million. (For example, 18.22) Do not use a decimal comma

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