A firm’s annual revenues are $635,00 Its expenses for the year are $428,000, and it claims...

A firm’s annual revenues are $635,00 Its expenses for the year are $428,000, and it claims $129,000 in depreciation expenses. Due to recent (2018) tax law changes, use a flat 21% corporate tax rate to calculate taxes.
1. Calculate Taxes owed
2. Calculate after-tax income (aka AFIT Net Income)?
3. Calculate after-tax cash flow. (AFIT Cash Flow)

Expert Solution

ekkarill92 answered 2 years ago

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