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Michela Corporation expects the following revenues, cash expenses, and depreciation charges in the future: Year 1 2 3 Revenues $89,000 $106,000 $145,000 Cost of goods
Michela Corporation expects the following revenues, cash expenses, and depreciation charges in the future: Year 1 2 3 Revenues $89,000 $106,000 $145,000 Cost of goods sold $38,000 $49,000 $53,000 Selling expenses $11,000 $13,000 $14,000 Other cash operating expenses $10,000 $11,000 $12,000 Depreciation $9,500 $13,500 $15,000 Michela is in the 22 percent tax bracket. Please compute the after-tax cash flows from operations for this investment for each of the years
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