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Precision Industries expects to have sales of $ 1 5 million. Costs other than depreciation are expected to be 7 0 % of sales, and
Precision Industries expects to have sales of $ million. Costs other than depreciation are expected to be of sales, and depreciation is expected to be $ million. All sales revenues will be collected in cash, and costs other than depreciation must be paid for during the year. Precision's federalplusstate tax rate is Precision has a debt interest payment due of $ Set up an income statement. Suppose Congress changed the tax laws so that Precision's depreciation expenses doubled. No changes in operations occurred. Calculate Precision's expected net cash flow.
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