A proposed new project has projected sales of $154,700, costs of $78,260, and depreciation of $5,460. The tax rate is 35 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)54,176.8546,137.0049,017.0051,597.00101,283.00

Requirement 2:

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

(Click to select)49,017.1553,660.8846,137.0048,501.0051,597.00

Requirement 3:

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

(Click to select)48,501.1849,017.1551,597.0054,176.8546,137.00

Requirement 4:

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

(Click to select)46,137.00(expression error)52,597.0053,597.0051,597.00