Exercise A Diane Manufacturing Company is considering investing $600,000 in new equipment with an estimated useful life of 10 years and no salvage value. The equipment is expected to produce $240,000 in cash inflows and $160,000 in cash outflows annually. The company uses straight-line depreciation, and has a 40% tax rate. Determine the annual estimated net income and net cash inflow.

Also, please add explanation. This is my second time asking for this question to be answered and the first one made no sense to me... im trying to double check myself and I have no clue what the last person did and their answer was way different than mine...