Exercise 10-8A (Algo) Determining the cash flow annuity with income tax considerations LO 10-2 To open a new store, Jordan Tire Company plans to invest $392,000 in equipment expected to have a seven-year useful life and no salvage value. Jordan expects the new store to generate annual cash revenues of $318,000 and to incur annual cash operating expenses of $195,000. Jordan's average Income tax rate is 35 percent. The company uses straight-line depreciation. Required Determine the expected annual net cash inflow from operations for each of the first four years after Jordan opens the new store. Note: Negative amounts should be indicated by a minus sign. Net cash Inflow or Outflow Year 1 Year 2 Year 3 Year 41