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Benett Company has a potential new project that is expected to generate annual revenues of $250,400, with variable costs of $138,800 and fixed costs of
Benett Company has a potential new project that is expected to generate annual revenues of $250,400, with variable costs of $138,800 and fixed costs of $57,400. To finanace the new project the company will issue new debt that will have an annual interest expensve of $18,000. The annual depreciation is $22,600 and the tax rate is 21 percent. What is the annual operating cash flow?
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