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The Fleming Manufacturing Company is considering a new investment Financial projections for the investment are tabulated below. The corporate tax rate is 21 percent. Assume

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The Fleming Manufacturing Company is considering a new investment Financial projections for the investment are tabulated below. The corporate tax rate is 21 percent. Assume all sales revenue is received in cash, all operating costs and income taxes are paid in cash, and all cash flows occur at the end of the year. All net working capital is recovered at the end of the project. Investment Sales revenue Operating costs Depreciation Net working capital spending Year 0 Year 1 Year 2 Year 3 Year 4 30,000 $ $15,500 $ 16,000 $16,500 $13,500 3,300 3,400 3,500 2,700 7,500 7,500 7,500 7,500 360 410 460 360 ? a. Compute the incremental net income of the investment for each year. (Do not round intermediate calculations.) Year 1 Year 2 Year 3 Year 4 Net income

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