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The Heritage Farm Implement Company is considering an investment that is expected to generate revenues of $3,300,000 per year. The project will also involve annual
The Heritage Farm Implement Company is considering an investment that is expected to generate revenues of $3,300,000 per year. The project will also involve annual cash expenses (including both fixed and variable costs) of $500,000 while increasing depreciation by $360,000 per year. If the firm's tax rate is 33 percent, what is the project's estimated net operating profit after taxes? What is the project's annual operating cash flow?
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