A project will increase annual sales by $237,000 and annual cash expenses by $95,000 for...

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Accounting

A project will increase annual sales by $237,000 and annual cash expenses by $95,000 for four years. The project has an initial cost of $126,000 for equipment that will be depreciated on a straight line basis for four years to a zero salvage value. The company has a marginal tax rate of 21 percent. What is the annual depreciation tax shield?

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