Your company has decided to produce a new line of television/electronic media player. You estimate that your company will sell 51000 per year and that this product will sell for $750 each. The plant and equipment (new fixed assets) needed to manufacture this product costs $22400000 and will be depreciated on a straight-line basis over the seven year project. Additional manufacturing costs to produce the media players would total $16980000 each year. The tax rate is 40%. Sketch a simplified income statement and calculate the firms operating cash flow.
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