A firm has invested $500 in a new machine that is expected to last for...
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Accounting
A firm has invested $500 in a new machine that is expected to last for the next 9 years. The machine will be depreciated on a straight line basis down to zero by the end of its 9 year life. The firm projects that the machine will generate consecutive annual cash inflows of $800 beginning in one year and will generate consecutive annual cash outflows at 300 also beginning in one year.. Assuming the tax rate of 35%, determine the firm's cash flow next year.
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