0) CompanyZ has EBIT of 1000 , depreciation expense of 250 , taxes of 175 , interest expense of 150 , and capital spending of 750 . What is this years operating cash flow? 1) You and your housemate are offered credit cards by mail. She assumes that the 8% APR on the offer means 8% if monthly payments are made. You, instead, calculate the APY (or Effective Annual Rate) in order to measure the true interest expense you'll incur. What do you find is the APY and why is it different from the APR