What is the year 4 cash flow
Course:- Business Economics
Reference No.:- EM132281367

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A 4-year old project has an annual operating cash flow of $49,500. At the beginning of the project, $4,050 in net working capital was required, which will be recovered at the end of the project. The firm also spent $22,000 on equipment to start the project. This equipment will have a book value of $4,500 at the end of the project, but can be sold for $5,500. The tax rare is 40 percent. What is the year 4 cash flow

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