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Using the information provided A) Prepare a statement of comprehensive income for Year 2 only B) Calculate Operating Cash Flows for Year 2 only (SHOW
Using the information provided A) Prepare a statement of comprehensive income for Year 2 only B) Calculate Operating Cash Flows for Year 2 only (SHOW YOUR WORK)
Unit Sales Year 1 and 2: 22,000
Unit Price $ 75
Equipment cost $ 4,000,000
Fixed costs $ 183,000
Variable cost per unit $ 7
Salvage value $ -
CCA Rate 10%
Tax rate 30%
Required return 13%
Project Life (years) 2
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