The managerial accountant at Fort Story Manufacturing plant reported an annual cash inflow from its investment in a capital asset of $30,000 each year for five years.The corporation's income tax rate is 40%.
Required
Compute the five years total after-tax cash inflow from operations.
A) $70,000
B) $80,000
C) $90,000
D) $100,000
E) $110,000
Correct Answer:
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