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Assuming a tax rate of 25%, how will annual depreciation of $400,000 effect a project's 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 project's 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 Clear my choice

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