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( Estimated time allowance: 1 9 minutes ) Funzy corp. has decided to sell a new line of TVs . The firm has also spent
Estimated time allowance: minutes Funzy corp. has decided to sell a new line of TVs The firm has also spent $ million in research and development for the new TVs It is estimated that the new TVs will sell for $ per unit and have a variable cost of $ per unit. The firm has spent $ in market research for these new TVs It is concluded in this study that the firm can easily sell TVs in each of the following ten years. As part of the research, it was found that the firm is very likely to lose sales of units of its existing highpriced TVs These TVs currently sell for $ each and have variable costs of $ On the positive side, the study also revealed that the firm will increase sales of its cheap TVs by units. The cheap TVs sell for $ and have variable costs of $ per set. The fixed costs each year will be $ million. Annual depreciation is $ million and there are no interests expenses. The corporate tax rate is What is the annual operating cash flow OCF Enter your answer en millions, eg if you obtain $ then enter ; if your answer is $ then enter
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