Question
A proposed new project has projected sales of $131,000, costs of $65,000, and depreciation of $13,400. The tax rate is 35 percent. Calculate operating cash
A proposed new project has projected sales of $131,000, costs of $65,000, and depreciation of $13,400. The tax rate is 35 percent. Calculate operating cash flow using the four different approaches. Approaches are
Operating cash flow EBIT + Depreciation - Taxes
Top-down
Tax-shield
Bottom-up
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School Finance A Policy Perspective
Authors: Allan Odden, Lawrence Picus
5th Edition
0078110289, 978-0078110283
