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Your company is considering a new investment project. Its estimating that in the first year it will be able to receive 332000 in sales revenue,

Your company is considering a new investment project. Its estimating that in the first year it will be able to receive 332000 in sales revenue, the production cost will total 280000 and it will be in the 37% corporate income tax bracket rate. In addition, your company would need to spend 700,000 on buying production equipment, which will be depreciating straight line over 9 years. Calculate the estimated first year operating cash flow.

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