Question: What is a project's Year 1 cash flow based on the data shown below? Annual sales revenues $50,000 Depreciation $9,000 Operating costs, excluding depreciation $18,000
| What is a project's Year 1 cash flow based on the data shown below? | |
| Annual sales revenues | $50,000 |
| Depreciation | $9,000 |
| Operating costs, excluding depreciation | $18,000 |
| Interest expense | $7,000 |
| Tax rate | 40% |
| $22,800 |
| $30,000 |
| None of the above |
| $27,400 |
| $22,000 |
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