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Within a recent tax year, a farmer had taxable cash revenues of $120,000, taxable cash expenses of $70,000, and depreciation expenses of $24,000. The applicable

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Within a recent tax year, a farmer had taxable cash revenues of $120,000, taxable cash expenses of $70,000, and depreciation expenses of $24,000. The applicable tax rate was 36%. With the tax savings from depreciation included, what was the total after-tax cash flow for the year? $8,640 $32,000 $40,640 $50,000 $82,000

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