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Question 16 1 pts A proposed expansion project is expected to increase sales of JL Ticker's Store by $68,000 and increase cash expenses by $39,000.
Question 16 1 pts A proposed expansion project is expected to increase sales of JL Ticker's Store by $68,000 and increase cash expenses by $39,000. The project will cost $34,000 and be depreciated using straight-line depreciation to a zero book value over the 4-year life of the project. The store has a marginal tax rate of 30 percent. What is the operating cash flow of the project using the tax shield approach? $21,150 O $22,850 O $24,850 O $23,250
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