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Question: A distributor of computer software instruction manuals plans to expand distribution. Annual sales are currently $220000 and are expected to be $300000 one year from today. Assuming that expenses are 70% 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.

Place your answer to the nearest dollar. Do not include a dollar sign or a comma in your answer.

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Category:- Basic Finance
Reference No.:- M92806442

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