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An investment project is expected to generate earnings before taxes (EBT) of $60,000 per year. Annual depreciation from the project is $30,000 and the firm’s tax rate is 40 percent. Determine the project’s annual net cash flows.

$48,000

$66,000

$36,000

$52,000

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92364823

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