Can you please check my calculations to see if I have completed this problem correctly? Thank you!

Exercise A Diane Manufacturing Company is considering investing $600,000 in new equipment

with an estimated useful life of 10 years and no salvage value. The equipment is expected to

produce $240,000 in cash inflows and $160,000 in cash outflows annually. The company uses

straight-line depreciation, and has a 40% tax rate. Determine the annual estimated net income and net cash inflow.

Annual Estimated Net Income Net Income Before Tax 20,000.00 Tax 40% 20,000 x .40 - 8,000.00 $ 12.000 Net Cash Inflow Net Income After Tax $ 12,000.00 Depreciation (Straight Line/Non Cash) 60,000.00 Net Cash Inflow $ 72,000.00