Torben Corporation has provided the following Information concerning a capital budgeting project: Investment required in equipment Expected life of the project Salvage value of equipment Annual sales $316,000 Annual cash operating expenses (including, both variable and fixed expenses) What is the company's annual after-tax cash flow? 4 0 $ $670,000 $474,000 A The company's income tax rate is 30% and its discount rate is 11%. The company uses straight-line 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.

Torben Corporation has provided the following information conceming a capital budgeting project: The company's income tax rate is 30% and its discount rate is 11%. The company uses straight-line 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. What is the company's annual after-tax cash flow