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To open a new store, Enld Tire Company plans to Invest $320,000 In equipment expected...

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Accounting

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To open a new store, Enld Tire Company plans to Invest $320,000 In equipment expected to have a four-year useful life and no salvage value. Enld expects the new store to generate annual cash revenues of $400,000 and to Incur annual cash operating expenses of $240,000. Enld's average Income tax rate Is 30 percent. The company uses straight-line depreciation. Required Determine the expected annual net cash flows from operations for each of the firs four years after Enid opens the new store. (Negative amounts should be Indiceted by a minus sign.) Net Cash Year 1 Year 2 Year 3 Year 4 Inflow Outflow Outflow Inflow Inflow Inflow

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