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JRJ Corporation expects to have sales of $ 1 5 million and costs other than depreciation of $ 1 2 million. Depreciation is expected to

JRJ Corporation expects to have sales of $15 million and costs other than depreciation of $12 million. Depreciation is expected to amount to $1 million, and interest expense is expected to total $400,000. Sales revenues will be collected in cash, and costs other than depreciation must be paid for during the year. JRJ's tax rate is 40%.
a. What is JRJ's expected net cash flow from operations?
b. Suppose Congress changed the tax laws so that JRJ's depreciation expenses doubled, but no changes in operations occurred. How much would JRJ save in taxes?
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