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Question 18 6 points Save Answer Homeland Incorporated is an international data security company. It is considering purchasing new technology to encrypt sensitive data and

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Question 18 6 points Save Answer Homeland Incorporated is an international data security company. It is considering purchasing new technology to encrypt sensitive data and store it in the cloud. To do so, the company will need to buy new equipment that will cost $5,000,000. The equipment will have a five year life; depreciation is straight line to zero. Installation will require an initial expenditure of $230,000 in working capital to start. Because of this new technology, security sales are projected to increase by $3,000,000 per year, with fixed and variable expenses of $1,780,000 per year, and no interest expense. The company's tax rate is 32%. What is the data project's operating cash flows per year? Round your number to two decimal places; do not include the dollar sign

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