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Determine the project annual net cash flows

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Reference no: EM131117634

Tapioca's new investment project is expected to generate earnings before taxes (EBT) of $60,000 per year. Annual depreciation from the project is $28,000 and the firm's tax rate is 40 percent. Determine the project's annual net cash flows.

  • $64,000
  • $70,000
  • $36,000
  • $52,000

Reference no: EM131117634

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