NO.PZ2018101501000007
问题如下:
Company M is purchasing a new equipment of $180,000, which will be depreciated straight-line to zero over four years. The required installation fee is $20,000. An inventory investment of $55,000 is required and the tax rate is 25%. The equipment will increase revenues by $110,000 annually but the cash operating expenses may remain the same. What`s the incremental annual after-tax operating cash flow?
选项:
A. $95,000
B. $65,000
C. $45,000
解释:
A is correct.
考点:Cash Flow Projections
解析:Depreciation = $200,000/4 = $50,000
CF = (S –C –D)(1 – T) +D
= [110,000 –0 –50,000](1 – 0.25) + 50,000 = $95,000
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