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A proposed new project has projected sales of $124,000, costs of $58,000, and depreciation of $12,700. The tax rate is 34 percent. Calculate operating cash
| A proposed new project has projected sales of $124,000, costs of $58,000, and depreciation of $12,700. The tax rate is 34 percent. Calculate operating cash flow using the four different approaches. |
| Approaches | Operating cash flow |
| EBIT + Depreciation - Taxes | $ |
| Top-down | $ |
| Tax-shield | $ |
| Bottom-up | $ |
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Practical Financial Management
Authors: William R. Lasher
4th Edition
0324260768, 9780324260762
