Florida Enterprises, Inc. is considering a new project whose data are shown below. The equipment that...

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Florida Enterprises, Inc. is considering a new project whosedata are shown below. The equipment that will be used has a 3-yearclass life and will be depreciated by the MACRS depreciationsystem. Revenues and Cash operating costs are expected to beconstant over the project's 10-year life. What is the Year 1after-tax net operating cash flow? Enter your answer rounded to twodecimal places. Do not enter $ or comma in the answer box. Forexample, if your answer is $12,300.456 then enter as 12300.46 inthe answer box.
Equipment cost (depreciable basis)
$75,000
Sales revenues, each year
$80,000
Cash operating costs
$29,000
Tax rate
20.0%

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Florida Enterprises, Inc. is considering a new project whosedata are shown below. The equipment that will be used has a 3-yearclass life and will be depreciated by the MACRS depreciationsystem. Revenues and Cash operating costs are expected to beconstant over the project's 10-year life. What is the Year 1after-tax net operating cash flow? Enter your answer rounded to twodecimal places. Do not enter $ or comma in the answer box. Forexample, if your answer is $12,300.456 then enter as 12300.46 inthe answer box.Equipment cost (depreciable basis)$75,000Sales revenues, each year$80,000Cash operating costs$29,000Tax rate20.0%

Florida Enterprises, Inc. is considering a new project whosedata are shown below. The equipment that will be used has a 3-yearclass life and will be depreciated by the MACRS depreciationsystem. Revenues and Cash operating costs are expected to beconstant over the project's 10-year life. What is the Year 1after-tax net operating cash flow? Enter your answer rounded to twodecimal places. Do not enter $ or comma in the answer box. Forexample, if your answer is $12,300.456 then enter as 12300.46 inthe answer box.
Equipment cost (depreciable basis)					$75,000
Sales revenues, each year					$80,000
Cash operating costs					$29,000
Tax rate					20.0%