A investment project has an annual operating cash flow of


A investment project has an annual operating cash flow of $34,827. Initially, this 4-year project required $5588 in net working capital, which is recoverable when the project ends. The firm also spent $100,000 on equipment to start the project. This equipment will have a book value of $5500 at the end of year 4. What is the total cash flow for year 4 of the project if the equipment can be sold for $8888 and the tax rate is 58%?

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Financial Management: A investment project has an annual operating cash flow of
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