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(Calculating operating cash flows) assume that a new project will annually generate revenues of $ 2,600,000. Cash expenses including both fixed and varible costs will

(Calculating operating cash flows) assume that a new project will annually generate revenues of $ 2,600,000. Cash expenses including both fixed and varible costs will be $ 500,000, and depreciation will increase by $ 180,000 per year. In addition, let's assume that the firm's marginal tax rate is 31 percent. Calculate the operating cash flows.

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