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Morris Corporation has sales of $300,000 costs of $130,280, depreciation expense of $12,000, and interest expense of $10,000. If the tax rate is 35

Morris Corporation has sales of ( $ 300,000 ) costs of ( $ 130,280 ), depreciation expense of ( $ 12,000 ), and inte 

Morris Corporation has sales of $300,000 costs of $130,280, depreciation expense of $12,000, and interest expense of $10,000. If the tax rate is 35 per cent, what is the operating cash flow, or OCF? Show all the workings.

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