Multiple Choice
The Venoid Corporation has an annual cash inflow from operations from its investment in a capital asset of $23,000 (excluding depreciation) each year for five years. The corporation's income tax rate is 30%. Calculate the total after-tax cash inflow from operations for five years.
A) $115,000
B) $80,500
C) $34,500
D) $23,000
Correct Answer:
Verified
Correct Answer:
Verified
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