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Consider a firm that spends $ 6 0 0 to produce goods in period 1 . In period 2 , it sells half of those

Consider a firm that spends $600 to produce goods in period 1. In period 2, it sells half of those goods for $350, but its customers pay their bills with a delay, so payment is not received until one period later. In period 3, it sells the other half of the goods for $450, and it collects payment on these sales in period 4. Calculate the net cash flow for this firm in period 3.

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