Can someone please give me correct answer. I have posted this question earlier but one...
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Accounting
Can someone please give me correct answer. I have posted this question earlier but one sick expert gave me wrong solution in 2 lines only.
14. You plan to bid on a project with a life of 5 years that will require 345 of fixed assets. These assets will be depreciated straight-line to zero over the project's life. Ignore bonus depreciation. The relevant discount rate is 20%, the tax rate is 12%, there is no interest expense, net working capital is unaffected, and there is no salvage value. What is the minimal required amount of annual sales revenue given annual cash costs of 321?
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