A proposed new project has projected sales of $134,300, costs of $67,940, and depreciation of $4,740. The tax rate is 34 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)45,409.20 87,310.80 40,669.20 47,679.66 43,139.00

Requirement 2:

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

(Click to select)47,225.57 45,409.20 43,138.74 42,685.00 40,669.20

Requirement 3:

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

(Click to select)43,138.74 45,409.20 40,669.20 42,684.65 47,679.66

Requirement 4:

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

(Click to select)46,409.0047,409.20 (expression error) 40669.20 45409.20