Question: Do not round intermediate calculations. Round answers to two decimal places. 1. For 2019, a company's depreciation expense was $1,600,000, cash flow from operations was
Do not round intermediate calculations. Round answers to two decimal places. 1. For 2019, a company's depreciation expense was $1,600,000, cash flow from operations was $14,000,000, and net capital spending was $6,600,000. During 2019, the company's net working capital increased by $1,200,000. On December 31, 2018, the company had net fixed assets of $24,000,000. What was the company's CFFA for 2019? 2. A company is considering a project that would require purchasing an asset for $375,000. The project is expected to generate cost savings. Assume the following: PVCCATS = $90,000; present value of salvage value = $22,500; present value of after-tax cost savings = $335,000. What is the projects NPV
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