Question: Bennett Company has a potential new project that is expected to generate annual revenues of $259,400, with variable costs of $142,800, and fixed costs of
Bennett Company has a potential new project that is expected to generate annual revenues of $259,400, with variable costs of $142,800, and fixed costs of $60,400. To finance the new project, the company will need to issue new debt that will have an annual interest expense of $23,000. The annual depreciation is $24,600 and the tax rate is 21 percent. What is the annual operating cash flow
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