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A distributor of computer software instruction manuals plans to expand distribution. Annual sales are currently $240000 and are expected to be $290000 one year from today. Assuming that expenses are 60% of sales each year, what is the cash flow one year from today if the tax rate is 34%? Assume straight line depreciation of $25,000.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92424548

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