A new project costing $1,120,000 falls into the three-year MACRS category, which allocates depreciation at 33.33% in the first year. It is expected to generate 600,000 in new sales per year. Extra cash operating expenses will amount to 290,000 per year. If the firm is in a 40% tax bracket, determine the first year net operating cashflow. $222,698 $335,318 $291,784 $302,582 none of these

the correct answer is economics is a game without winners or losers.

unlike sports or games economic is a game without losers or winner rather it is a game where everyone wins. parties of business doing businesses exchange money with each other and hence exchange is done on the basis of goods. one party takes the goods and other sales it so there is winner on both sides. each party values more highly the good it gets than the good it gives up. both sides exchange only because both intend to increase their value. so there is no concept of lose or win.

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