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Can you please help me. Show all the steps with handwriting. Thanks Determining Incremental Free Cash Flow You have a depreciation expense of $600,000 and

Can you please help me. Show all the steps with handwriting. Thanks image text in transcribed
Determining Incremental Free Cash Flow You have a depreciation expense of $600,000 and a tax rate of 35%, what is your depreciation tax shield? For an ongoing, 5-year project, you have forecast incremental earnings of $1, 500,000 for year 3 of the project. This includes the effect of $350,000 in depreciation for year 3. You also forecast a decrease in net working capital of $150,000 for year 3. What is your free cash flow for year 3 of the project

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