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Torben Corporation has provided the following information concerning a capital budgeting project: Investment required in equipment $304,000 Expected life of the project Salvage value of

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Torben Corporation has provided the following information concerning a capital budgeting project: Investment required in equipment $304,000 Expected life of the project Salvage value of equipment . Annual sales 8640,000 Annual cash operating expenses (including both variable and fixed expenses) '$ 456,000 0 The company's income tax rate is 30% and its discount rate is 1%. The company ses solgt tine depreciation on all equipment Assume cash flows occur at the end of the year except for the initial investments. The company takes income taxes into account in its Capital budgeting The total after-tax cash flow in year 2 is: Multiple Choice O $184,000 O $82,500 O $108,000 O $151,600

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