To open a new store, Benson Tire Company plans to invest $318,000 in equipment expected...
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Accounting
To open a new store, Benson Tire Company plans to invest $ in equipment expected to have a sixyear useful life and no salvage value. Benson expects the new store to generate annual cash revenues of $ and to incur annual cash operating expenses of $ Benson's average income tax rate is percent. The company uses straightline depreciation.
Required
Determine the expected annual net cash inflow from operations for each of the first four years after Benson opens the new store.
Note: Negative amounts should be indicated by a minus sign.
tableNet cash,Inflow or OutflowYear Year Year Year
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