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A firm recently reported $11,250 in revenue, $5,500 of operating costs other than depreciation, and $1,250 of depreciation. The company had no amortization charges, it

A firm recently reported $11,250 in revenue, $5,500 of operating costs other than depreciation, and $1,250 of depreciation. The company had no amortization charges, it had $3,500 of bonds that carry a 6.25% interest rate, and its federal-plus-state income tax rate was 35%. How much was its net cash flow?

Select one:

a.

$3,284.75

b.

$3,457.63

c.

$3,639.61

d.

$3,831.17

e.

$4,032.81

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