Question 11 (5 points) Supercilious Sports Inc. spent $9,500 on a marketing plan for a...

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Question 11 (5 points) Supercilious Sports Inc. spent $9,500 on a marketing plan for a potential new project that is expected to generate annual revenues of $117,700, with variable costs of $74,800, and fixed costs of $15,300 An initial cash outlay of $7,500 is required for net working capital. The annual depreciation is $3,850 and the tax rate is 35 percent. What is the annual operating cash flow? Do not round intermediate steps. $31,450 $11,788 $13,113 $44,248 $19,288 $59,548

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