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Please show working Kenora Industries is analyzing a new project. They have gathered the following data: Initial requirement for equipment: $140,000 Depreciation: Straight-line to zero

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Kenora Industries is analyzing a new project. They have gathered the following data: Initial requirement for equipment: $140,000 Depreciation: Straight-line to zero over the four-year life of the project with no salvage value. Required rate of return: 15% Marginal tax rate: 35% What is the operating cash flow under the base-case scenario

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