Question
Frances Chung Company is considering a project that is expected to generate cash revenues of $20,000, cash expenses of $13,000 and depreciation charges of $3,000.
Frances Chung Company is considering a project that is expected to generate cash revenues of $20,000, cash expenses of $13,000 and depreciation charges of $3,000. If the tax rate is 30 percent, what is the cash flow from operation of the project?
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Business Forecasting
Authors: John E. Hanke, Dean Wichern
9th edition
132301202, 978-0132301206
