Question: King Nothing is evaluating a new 6-year project that will have annual sales of $490,000 and costs of $332,000. The project will require fixed assets

 King Nothing is evaluating a new 6-year project that will have

King Nothing is evaluating a new 6-year project that will have annual sales of $490,000 and costs of $332,000. The project will require fixed assets of $590,000. which will be depreciated on a 5 -year MACRS schedule. The annual depreciation percentages are 20.00 percent, 3200 percent, 19.20 percent, 11.52 percent, 11.52 percent, and 5.76 percent, respectively. The company has a tax rate of 24 percent. What is the operating cash flow for Year 3 ? Multiple Choice $147,267 $206,173 $65,107 $136,392

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