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Question - Behren Incorporated had the following transactions:
Issued stock for $15,000 cash
Paid $2,000 in cash for dividends.
Purchased a building for $35,000.
Received cash revenues from customers for $50,000.
Paid operating expenses of $38,000.
Required - Assuming that these are the only transactions, what is the amount of the net cash flows from operating activities on Behren's cash flow statement?
a. $12,000
b. $10,000
c. $13,000
d. $50,000
The net present value of the investment, excluding the intangible benefits, is -$326,237. To the nearest whole dollar how large would the annual intangible benefit have to be to make the investment in the aircraft financially attractive?
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