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Flexsteel industries manufactures furniture for the retail, contract, and recreational vehicle furniture markets. The company is considering the purchase of a new piece of equipment.

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Flexsteel industries manufactures furniture for the retail, contract, and recreational vehicle furniture markets. The company is considering the purchase of a new piece of equipment. The cost savings from the equipment would result in an annual increase in net income after tax of $133,500. The equipment will have an initial cost of $534,000 and have a 5 -year life. If the salvage value of the equipment is estimated to be $9,000, whot is the annual net cash flow? Muliplo Choice $236.500 $28.500 $42.500

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