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Your firm purchases a machine for $95,900. You purchase the machine using current available cash-balances from...

Your firm purchases a machine for $95,900. You purchase the machine using current available cash-balances from a previous period. You have sales from your retail customers of $267,000. These customers pay with cash. Your sales from commercial consumers are $33,600. These customers pay with credit. The cost of your overhead is $18,200 which you pay for with credit. You have variable costs of $23,820 which you pay for with cash. Your firm's tax rate is 14% Finally, you collect on past accounts receivable for $1,130 and pay off past accounts payable for $1,150. The depreciation schedule is given by: Depreciation Percentage Year 1 0.33 Year 2 0.45 Year 3 0.15 Year 4 0.07 What is the free cash-flow in year 1? Group of answer choices $145,920.13 $211,389.38 $121,109.38 $115,489.38

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