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22. [CH 2) The Ragin Cajun had an operating income (EBIT) of $275,000 last year. The firm had $18,000 in depreciation expenses, $15,000 in interest

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22. [CH 2) The Ragin Cajun had an operating income (EBIT) of $275,000 last year. The firm had $18,000 in depreciation expenses, $15,000 in interest expenses, and $60,000 in selling, general, and administrative expenses. If the Cajun has a marginal tax rate of 21%, what was its net income for last year? What is the firm's operating cash flow (OCF)? NI: $205,400 OCE: $238,400

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