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For a new business venture, we estimate that we will have the following results and conditions in the first year of business: EBIT $150,000 Tax
For a new business venture, we estimate that we will have the following results and conditions in the first year of business: EBIT $150,000 Tax Rate 20% Depreciation Expense $12,000 Buy New Equipment $5,000 Increase in Inventory $23,000 Calculate the free cash flows for the first year of business. (Enter in the whole dollar amount without the "$" sign. If it is a negative number, be sure to enter the
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