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A company reported $800,000 of sales, 88% of operating costs other than depreciation, and $8,800 of depreciation. It had $80,000 of bonds that carry a

A company reported $800,000 of sales, 88% of operating costs other than depreciation, and $8,800 of depreciation. It had $80,000 of bonds that carry a 8.0% interest rate, and its tax rate was 25%. How much was its net cash flow? The solution must include a complete income statement.

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