Last year, Blue Lake Mines, Inc. had earnings after tax of $650,000. Included in its expenses were

Question:

Last year, Blue Lake Mines, Inc. had earnings after tax of $650,000. Included in its expenses were depreciation of $400,000 and deferred taxes of $100,000. The company also purchased new capital equipment for $300,000 last year. Calculate Blue Lake's after-tax cash flow for last year.