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A proposed new project has projected sales of $85K, costs of $43K, and depreciation expense of $3K. All figures are annual figures. The tax rate is 35%. Calculate annual operating CF for this project. a. $27,300 b. $14,700 c. $42,000 d. $28,350 10. calculate how many dollars of tax expense are “saved” each year because of the depreciation expense. a. $1,050 b. $1,950 c. $3,000 d. $1,000

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