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Given the following information, what is the initial cash flow? Purchase and install new equipment = = > $ 1 0 6 9 , 0

Given the following information, what is the initial cash flow?
Purchase and install new equipment ==> $1069,000
Sale Price of old Equipment ==> $420,000
Book Value of old equipment ==> $123,000
At time of installation, inventory will increase by $454,000 and accounts payable will increase by $330,000.
The tax rate is 40%.

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