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A project will reduce costs by $ 3 5 , 5 0 0 but increase depreciation by $ 1 6 , 3 0 0 .

A project will reduce costs by $35,500 but increase depreciation by $16,300. What is the operating cash flow if the tax rate is 21 percent?
Multiple Choice
$20,720
$31,080
$21,300
$23,980
$31,468

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