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(Calculating operating cash flows) Assume that a new project will annually generate revenues of $2,000,000 for the next 3 years. Cash expenses including both fixed

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(Calculating operating cash flows) Assume that a new project will annually generate revenues of $2,000,000 for the next 3 years. Cash expenses including both fixed and variable costs areas to offset any tax losses that might occur in year 1 . In addition, let's assume that the firm's marginal tax rate is 21 percent. Calculate the operating cash flows in years 1 through 3

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