1 2 3 4 5 6 7 8 C D E F Project 12.1: Vandy Enterprises is considering a new project that is expected to generate added revenues $1,725,000 and incur added cash expenses (including both fixed and variable costs) of $1,250,000, while incurring depreciation expense of $350,000 per year. If the firm's tax rate is 28 percent, calculate the annual operating cash flows for the new project. 10 Tax Rate: 11 12 Revenues 13 Cost 14 Depreciation 15 Operating Income 16 Taxes 17 18 Operating Profit After-tax Depreciation 19 Operating Cash Flow 20 21 22 28% $1,725,000 ($1,250,000) ($350,000) $125,000 $35,000 + 23 24 25 Question 12.1 Problem 12.1 Problem 12.2 Problem 123 Check ri