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Fiexsteel Industries manufactures fumiture for the retall, contract, and recreational vehicle fumlture markets. The company is considering the purchase of a new plece of equipment.

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Fiexsteel Industries manufactures fumiture for the retall, contract, and recreational vehicle fumlture markets. The company is considering the purchase of a new plece of equipment. The cost savings from the equipment would result in an anriual increase in net income after tax of $161,200. The equipment will have an initial cost of $520,000 and have a 5 year life. If the saivage vilue of the equipment is estimated to be $16,000, what is the annual net cash flow? Muniple Choicer 560.400 57200 sec2000 $145.200

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