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Bennett Company has a potential new project that is expected to generate annual revenues of $249,500, with variable costs of $138,400, and fixed costs of
Bennett Company has a potential new project that is expected to generate annual revenues of $249,500, with variable costs of $138,400, and fixed costs of $57,100. To finance the new project, the company will need to issue new debt that will have an annual interest expense of $17,500. The annual depreciation is $22,400 and the tax rate is 21 percent. What is the annual operating cash flow?
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