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Please show formulas! I will upvote and comment! Thank you!! Operating cash flow (growing each year; MACRS). Miglietti Restaurants is looking at a project with

image text in transcribedPlease show formulas! I will upvote and comment! Thank you!!

Operating cash flow (growing each year; MACRS). Miglietti Restaurants is looking at a project with the following forecasted sales: first-year sales quantity of 31,000, with an annual growth rate of 2.00% over the next ten years. The sales price per unit will start at $40 and will grow at 3.00% per year. The production costs are expected to be 58% of the current year's sales price. The manufacturing equipment to aid this project will have a total cost (including installation) of $2,000,000. It will be depreciated using MACRS, 3 , and has a seven-year MACRS life classification. Fixed costs will be $300,000 per year. Miglietti Restaurants has a tax rate of 30%. What is the operating cash flow for this project over these ten years? , V Data table $1 MACRS Fixed Annual Expense Percentages by Recovery Class Click on this icon to download the data from this table Year 1 2 3 3-Year 33.33% 44.45% 14.81% 7.41% 5-Year 20.00% 32.00% 19.20% 11.52% 11.52% 5.76% 4 5 7-Year 14.29% 24.49% 17.49% 12.49% 8.93% 8.93% 8.93% 4.45% 10-Year 10.00% 18.00% 14.40% 11.52% 9.22% 7.37% 6.55% 6.55% 6.55% 6.55% 3.28% 6 7 8 Er 9 10 11

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