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A project has annual depreciation of $14,700, costs of $79,200, and sales of $108,000. The applicable tax rate is 35 percent. What is the operating

A project has annual depreciation of $14,700, costs of $79,200, and sales of $108,000. The applicable tax rate is 35 percent. What is the operating cash flow according to the tax shield approach? $15,400 $18,720 $23,865 $9,555 $5,145

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