A proposed new project has projected sales of $173,400, costs of $87,720, and depreciation of $6,120. 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)58,629.60112,730.4055,698.0061,561.0852,509.60

Requirement 2:

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

(Click to select)52,509.6055,698.1260,974.7855,112.0058,629.60

Requirement 3:

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

(Click to select)61,561.0855,698.1258,629.6052,509.6055,111.82

Requirement 4:

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

(Click to select)60,629.6052,509.6058,629.60(expression error)59,630.00