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Thaler & Co . project has operational annual cash flows of $ 5 , 3 0 0 , 0 0 0 . During the project,

Thaler & Co. project has operational annual cash flows of $5,300,000. During the project, they had anticipated an increase in accounts receivable of $4,100,000, an increase in inventory of $2,000,000, and an increase in accounts payable of $1,500,000. After the project, they plan to sell their project equipment for its salvage value of $3,000,000. Their tax rate is 21%.
What is this project's terminal cash flow?
$8,300,000
$3,700,000
$12,900,000
$9,900,000
$10,191,000
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