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File Home Insert Page LayoutFormulas Data Review View QuickBooks EE 7 9 Spit uview Ruler Formula Bar Hide la:Sync ormal Page Page Break Custom Full
File Home Insert Page LayoutFormulas Data Review View QuickBooks EE 7 9 Spit uview Ruler Formula Bar Hide la:Sync ormal Page Page Break Custom Full 100% Zoom to New Arrange Freeze Zoom Gridlines V Headings Selection Window All PanesUnhide -2Rese Windo Layout Preview Views Screen Workbook Views Zoom C23 In cell D14, by using cell references, calculate the project's estimated net operat Problem 12-13 The Heritage Farm Implement Company is considering an investment that is expected to generate revenues of $3 million per year. The project will also involve annual cash expenses (including both fixed and variable costs) of $900,000, while increasing depreciation by $400,000 per year. If the firm's tax rate is 34 percent, what is the project's estimated net operating profit after taxes? What are the project's annual operating cash flows? Given Data: Revenues Depreciation Tax rate Cash Expenses (fixed and variable) 6 S3,000,000.00 (S400,000.00) 3490 ($900,000.00) 10 12 13 14 15 16 17 Gross Profit Net Operating Income Income Tax Expense Net Operating Profit after Taxes Operating Cash Flow
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