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A firm has sales of $439,000 and depreciation of $32,000. The firm has a tax rate of 34% and selling expenses of 30% of sales.
A firm has sales of $439,000 and depreciation of $32,000. The firm has a tax rate of 34% and selling expenses of 30% of sales. The firm has no interest expense. What is the amount of the operating cash flow?
A) $157,698
B) $49,384
C) $213,698
D) $181,698
E) $52,616
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