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Barry Corporation has the following information pertaining to the purchase of a new piece of equipment: Cash revenues $330,000 per year Cash expenses $200,000 per

Barry Corporation has the following information pertaining to the purchase of a new piece of equipment: Cash revenues $330,000 per year Cash expenses $200,000 per year Cost of equipment $420,000 Salvage value at the end of the 6th year $60,000 Increase in working capital requirements $100,000 Tax rate 40 percent Life 6 years Cost of capital is 10 percent. Required: a. Calculate the following assuming straight-line depreciation: i. Calculate the after-tax net income for each of the six years. ii. Calculate the after-tax cash flows for each of the six years

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