A project requires an initial capital spending on the fixed asset of $670,335. The asset will be
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Question:
A project requires an initial capital spending on the fixed asset of $670,335. The asset will be depreciated straight-line to zero over the project's life of 5 years. The project will generate $410,205 in annual sales, with annual operating costs of $270,135. The tax rate is 34% . What is the annual operating cash flow for this project? (Round answers to two decimals, such as 1234.78)
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