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Assuming a tax rate of 25%, how will annual depreciation of $400,000 effect a projects relevant cash flows? Select one a Increase cash flows by

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Assuming a tax rate of 25%, how will annual depreciation of $400,000 effect a projects relevant cash flows? Select one a Increase cash flows by $100,000 b. Decrease cash flows by $100,000 C.Decrease cash flows by $400,000 d. Increase cash flows by $400,000 e Have no effect since depreciation is not a cash expense

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