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what is the porjecf cash flow for the first and second year 124 At Steamboat Springs Furniture, Inc. is considering purchasing a new finishing the

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124 At Steamboat Springs Furniture, Inc. is considering purchasing a new finishing the that costs $61,98400. The lathe will generale revenues of $96.020.00 per year for five years. The cost of materials and tabor needed to generate these revenues will total $51.541 00 per year, and other cash expenses will be $10,809.00 per year. The machine is expected to set for $9,184 00 at the end of als five year life and will be depreciated on a straight line basis over five years to zero Steamboat Springs marginal tax rate is 38.00 percent, and its cost of capital is 13.00 percent What is the project cash flow for the first year of the promoct? tu ormat Currency Round to 2 deomal places

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