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assume that a new project will annually generate revenues of $1,900,000 and cash expenses (including both fixed and variable costs) $1,050,000, while increasing depreciation by

assume that a new project will annually generate revenues of $1,900,000 and cash expenses (including both fixed and variable costs) $1,050,000, while increasing depreciation by $210,000 per year. In addition the firms tax rate is 36%. Calculate the operating cash flows for the new project.

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