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Calculate the annual operating cash flow for yr 1, 2, , 10 using your answers from Initial Outlay: 558,483.36 (Sales - Cost) x (1 -

Calculate the annual operating cash flow for yr 1, 2, , 10 using your answers from

Initial Outlay: 558,483.36

(Sales - Cost) x (1 - Tax Rate) + Depr. x Tax Rate

(59,292 - (16,470) x (1 - 1.039%) + 19,963.64 x 1.039%

Explain why you do not need to include mortgage payments.

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