Unformatted text preview: the task you will also need to know this information for the FNC1 objective assessment. AGCIF = average gross cash inflows Dt = depreciation per year %T = percentage of Tax n = number of years (project life) Average net income = AGCIF-Dt-((AGCIF-Dt)*%T)/n Average investment = book value yr1 + book value at end - salvage/2 ARR + Average net income / Average investment...
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- Spring '11
- Larson, average net income, Chiappetta, average gross cash