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Mike is looking at a project that has an annual operating cash flow of $45,000. Initially, this four-year project required $3,800 in net working capital,

"Mike is looking at a project that has an annual operating cash flow of $45,000. Initially, this four-year project required $3,800 in net working capital, which is recoverable when the project ends. The firm also spent $21,500 on equipment to start the project. This equipment will have a book value of $4,300 at the end of year 4. What is the cash flow for year 4 of the project if the equipment can be sold for $5,400 and the tax rate is 34 percent? " "$51,724.00" "$52,038.00" "$53,826.00" "$53,862,900.00" "$53,900.00"

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