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You are considering opening a new restaurant in the Toas Burgers chain. The new restaurant will have annual revenue of 5273.000 and operating expenses of

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You are considering opening a new restaurant in the Toas Burgers chain. The new restaurant will have annual revenue of 5273.000 and operating expenses of 5136,500. The annual depreciation and amortization for the assets used in the restaurant will equal \$45.500. An annual capital txpenditure of 59,500 will be required to offset wear and tear on the assets used in the restaurant, but no additions to working capital will be required. The marginal tax rate will be 30 percent. Calculate the incremental annual after-tax free canh flow for the project. Incremental annual after-tax free cah flow

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