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To open a new store, Jordan Tire Company plans to invest $ 3 3 0 , 0 0 0 in equipment expected to have a
To open a new store, Jordan Tire Company plans to invest $ in equipment expected to have a sixyear useful life and no salvage value. Jordan expects the new store to generate annual cash revenues of $ and to incur annual cash operating expenses of $ Jordans 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 Jordan opens the new store.
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