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Your company has decided to sell a new line of golf clubs. The new clubs will generate sales of $1,000,000 per year with $850,000 in

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Your company has decided to sell a new line of golf clubs. The new clubs will generate sales of $1,000,000 per year with $850,000 in associated costs. The introduction of these new clubs will reduce sales of your existing higher priced clubs by $100,000 each year. The equipment required to produce the new clubs will cost $300,000 and will be depreciated on a straight-line basis over the three-year life of the project. The tax rate is 25 percent and the cost of capital is 8 percent. What is the operating cash flow in each year of this project

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