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Solution: Putter price Units sold Total sales Less : COGS (40% of sales) Less : Selling and Administrative (21% of sales) Less :Depreciation (410664*0.20) income before tax Less : tax at 40% net income Add: Depreciation cash flow Year 1 63.67 19,234.00 1,224,628.78 489,851.51 257,172.04 82,132.80 395,472.42 158,188.97 237,283.45 82,132.80 319,416.25
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