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Score: 0 of 1 pt P 9-20 Updated (similar to) 17 of 20 (14 complete) HW Score: 54.79%, 10.96 of 20 pts Question Help

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Score: 0 of 1 pt P 9-20 Updated (similar to) 17 of 20 (14 complete)" HW Score: 54.79%, 10.96 of 20 pts Question Help After spending a year and $53,000, you finally have the design of your new product ready. In order to start production, you will need $30,000 in raw materials and you will also need to use some existing equipment that you've fully depreciated, but which has a market value of $97,000. Your colleague notes that the new product could represent 10% of the company's overall sales and that 10% of overhead is $60,000. Your tax rate is 21%. As you start your analysis of the product, what should be your initial incremental free cash flow? The initial incremental free cash flow is $ (Round to the nearest dollar. Be sure to use a negative sign if the answer is negative)

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