A proposed new project has projected sales of $122,400, costs of $61,920, and depreciation of $4,320. The tax rate is 30 percent. Calculate operating cash flow using the four different approaches.

Requirement 1:

The common calculation Approach (Do not round your intermediate calculations):

(Click to select)41,450.0045,813.6077,328.0043,632.0039,312.00

Requirement 2:

The Bottom-Up Approach (Do not round your intermediate calculations):

(Click to select)45,377.2841,450.4041,014.0043,632.0039,312.00

Requirement 3:

The Top-Down Approach (Do not round your intermediate calculations):

(Click to select)45,813.6039,312.0041,014.0841,450.4043,632.00

Requirement 4:

The Tax-Shield Approach (Do not round your intermediate calculations):

(Click to select)(expression error)44,632.0045,632.0039,312.0043,632.00

rev: 09_18_2012