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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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