A proposed new project has projected sales of $180,200, costs of $91,160, and depreciation of $6,360. 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):

Requirement 2:

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

Requirement 3:

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

Requirement 4:

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