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To open a new store, Franklin Tire Company plans to invest $ 3 5 7 , 0 0 0 in equipment expected to have a

To open a new store, Franklin Tire Company plans to invest $357,000 in equipment expected to have a seven-year useful life and no salvage value. Franklin expects the new store to generate annual cash revenues of $316,000 and to incur annual cash operating expenses of $193,000. Franklin's average income tax rate is 35 percent. The company uses straight-line depreciation.
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Determine the expected annual net cash inflow from operations for each of the first four years after Franklin opens the new store. Note: Negative amounts should be indicated by a minus sign.
\table[[,Net cash,Inflow or Outflow],[Year 1,,],[Year 2,,],[Year 354,,],[Year 4,,]]
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