Assume a firm reports the following information: 2007 2006 2005 Deferred Tax Liability $110 $332 $223 You

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Assume a firm reports the following information:

2007 2006 2005 Deferred Tax Liability $110 $332 $223 You have calculated the after-tax cash flows for a project based on GAAP to be $300 in 2007 and−$100 in 2006.What are the actual after-tax cash flows for the project?

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