Company is considering a new project. The estimated annual sales over the 5 years life...
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Accounting
Company is considering a new project. The estimated annual sales over the 5 years life of the project are as follows: $90,000, $100,000, $120,000, $90,000, and $90,000. The company needs to maintain a working capital that is equal to 30% of years sales. Determine the annual cash flow related to working capital assuming a tax rate of 30%.
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