CF=(5M-2M-0.6M)(1-0.4)+[Q.19]

Q.19 : ( )

Fill-in-the-blank Questions 19. You are considering an investment project. This project wil be terminated in five years and the equipments will be fully depreciated over five years using the straight-line method. The initial Initial cash outlay is S3 mi Revenues are expected to be $5 million per year during the project, while operating expenses (excluding depreciation) for the project are expected to be $2 million per year. The relevant tax rte is 40%. If you calculate the project's annual net cash flow. it will be the following. Fill in the blank Q19 with a number. (4 points)