Answer Happy

You are considering opening another restaurant in theTexasBurgers chain. The new restaurant will have annual revenue of$313,200 and operating expenses of $156,600. The annualdepreciation and amortization for the assets used in the restaurantwill equal $52,200. An annual capital expenditure of$12,000 will be required to offset wear-and-tear on the assetsused in the restaurant, but no additions to working capital will berequired. The marginal tax rate will be 40 percent.Calculate the incremental annual after-tax free cash flow for theproject.
Incremental annual after-tax free cash flow: $_________