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A project has annual depreciation of $ 1 9 , 9 0 0 , costs of $ 9 3 , 5 0 0 , and

A project has annual depreciation of $19,900, costs of $93,500, and sales of $136,500. The applicable tax rate is 23 percent. What is the operating cash flow?
Multiple Choice
$109,682
$14,467
$33,110
$37,687
$48,433
16 of 40
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