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Will give tumbs up for quick and accurate answer 124 0 Steamboat Springs Furniture, Inc., is considering purchasing a new finishing lathe that costs $58,279.00.
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124 0 Steamboat Springs Furniture, Inc., is considering purchasing a new finishing lathe that costs $58,279.00. The lathe will generate revenues of $95,359.00 per year for five years. The cost of materials and labor needed to generate these revenues will total $49,824 00 per year, and other cash expenses will be $11.705.00 per year. The machine is expected to sell for $9,595.00 at the end of its 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 project? Submit Answer format: Currency: Round to 2 decimal places
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