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You are considering opening a new restaurant in the Texas Burgers chain. The new restaurant will have annual revenue of $335,400 and operating expenses of

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You are considering opening a new restaurant in the Texas Burgers chain. The new restaurant will have annual revenue of $335,400 and operating expenses of $167,700. The annual depreciation and amortization for the assets used in the restaurant will equal $55,900. An annual capital expenditure of $11,000 will be required to offset wear and tear on the assets used in the restaurant, but n additions to working capital will be required. The marginal tax rate will be 30 percent. Calculate the incremental annual after-tax free cash flow for the project. Incremental annual after-tax free cash flow

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