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Question 23 1 pts Blue Sky Corporation is trying to decide whether to invest in equipment to manufacture a new product. If the investment project

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Question 23 1 pts Blue Sky Corporation is trying to decide whether to invest in equipment to manufacture a new product. If the investment project is accepted, sales revenue will increase by $56,000 per year and materials costs will decrease by $32,000 per year. The equipment will cost $102,000 and is depreciable over 12 years using simplified straight line (zero salvage value). The firm has a marginal tax rate of 34%. Calculate the firm's annual cash flows resulting from the new project. ENTER YOUR ANSWER IN THE SPACE PROVIDED. DO NOT ENTER THE DOLLAR SIGN

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