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A proposed new project has projected sales of $127,000, costs of $61,000, and depreciation of $13,000. The tax rate is 34 percent. Calculate operating cash

A proposed new project has projected sales of $127,000, costs of $61,000, and depreciation of $13,000. The tax rate is 34 percent. Calculate operating cash flow using the four different approaches.

Approaches Operating cash flow

1) EBIT + Depreciation - Taxes$ = ?

2) Top-down$ = ?

3) Tax-shield$ = ?

4) Bottom-up$ = ?

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