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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 $ in equipment expected to have a sevenyear useful life and no salvage value. Franklin expects the new store to generate annual cash revenues of $ and to incur annual cash operating expenses of $ Franklin's average income tax rate is percent. The company uses straightline 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.
tableNet cash,Inflow or OutflowYear Year Year Year
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