What is the cash flow for year 4 of the project if the


A project has an operating cash flow of $31,600. Initially, this 4-year project required $7,200 in net working capital, which is recoverable when the project ends. The firm also spent $16,700 on equipment to start the project. This equipment will have a book value of $2,100 at the end of year 4. What is the cash flow for year 4 of the project if the equipment can be sold for $4,800 and the tax rate is 30.4 percent?

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Financial Management: What is the cash flow for year 4 of the project if the
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