Question: QUESTION 4 A new project is expected to generate annual sales of $140,000 and annual costs of $133,000. Annual depreciation attributable to the project is

 QUESTION 4 A new project is expected to generate annual sales

QUESTION 4 A new project is expected to generate annual sales of $140,000 and annual costs of $133,000. Annual depreciation attributable to the project is $60,000. The marginal tax rate is 34%. What is the approximate operating cash flow in the second year of operation? a. $21,000 b. $23,000 c. $25,000 d. $27,000 e. $30,000 f. Other, specify

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