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Max is opening a car wash. The initial investment in the project will be $225,000 for the building and related equipment. When compiling the project's
Max is opening a car wash. The initial investment in the project will be $225,000 for the building and related equipment. When compiling the project's pro forma statements, Max should note that the depreciation expense: Question 14 options: has no effect on the tax paid. has no effect on either the cash flows or the net income. increases the operating cash flows (OCFs) when calculating OCF from the NI. has no effect
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