ABC will purchase a machine that will cost $2,575,000. Required modifications will cost $375,000. ABC will need to invest $75,000 for additional inventory. The machine has an IRS approved useful life of 7 years; it is presumed to have no salvage value
ABC plans to depreciate the machine by using the straight-line method. The machine is expected to increase ABC's sales revenues by $1,890,000 per year; operating costs excluding depreciation are estimated at $454,600 per year. Assume that the firm's tax rate is 40%. What is the annual operating cash flow?
A) $922,464
B) $1,126,287
C) $813,563
D) $1,029,811
Answer: D
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Which of the following is true of moral relativists?
a. They believe that laws should be followed under all circumstances. b. Their ethical beliefs center on the time, place, and the pressure of a dilemma. c. Their decisions are typically based on the predictions they make about the consequences of actions. d. They believe in absolute rules and apply them to all ethical dilemmas.
Colorado fair housing law is the same as the federal law in covering only residential properties.
a. true b. false