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A proposed new project has projected sales of $121,000, costs of $55,000, and depreciation of $12,400. The tax rate is 34 percent. Calculate operating cash

A proposed new project has projected sales of $121,000, costs of $55,000, and depreciation of $12,400. The tax rate is 34 percent. Calculate operating cash flow using the four different approaches.

EBIT + Depreciation - Taxes?

Top-down?

Tax-shield?

Bottom-up?

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