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Assume a corporation has earnings before depreciation and taxes of $118,000, depreciation of $46,000 and that it is in a 40 percent tax bracket. Compute

Assume a corporation has earnings before depreciation and taxes of $118,000, depreciation of $46,000 and that it is in a 40 percent tax bracket. Compute its cash flow using the following format:

Earnings before depreciation and taxes

Depreciation

Earnings before taxes

Taxes

Earnings after taxes

Depreciation

Cash flow

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