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Exerclse 10-8A (Algo) Determining the cash flow annulty with income tax...

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Accounting

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Exerclse 10-8A (Algo) Determining the cash flow annulty with income tax considerations LO 10.2 To open a new store, Benson Tire Company plans to invest $324.000 in equipment expected to have a six-year useful life and no salvage value. Benson expects the new store to generate annual cash revenues of $321,000 and to incur annual cash operating expenses of $186,000. Benson's average income tax rate is 40 percent. The company uses straight ine depreclation. Required Determine the expected annual net cash inflow from operations for each of the first four years after Benson opens the new store. Note: Negative amounts should be indicated by a minus sign

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