Assume that a new project will annually generate revenues of $2,300,000 and cash expenses (including both fixed and variable costs) of $6,000,00, while increasing depreciation by $170,000 per year. In addition, the firm’s tax rate is 36%. Calculate the operating cash flows for the new project. $1,500,200 $1,00,200 $1,189,800 $1,149,200
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Answer: 3/5. Step-by-step explanation: 0.216 = 216/1000 = (6/10)^3. cube root of 0.216 = [(6/10)^3]^1/3. 6/10 = 3/5.
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