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Assume a firm has no interest expense or extraordinary items. Given this, the operating cash flow can be computed as: a.) ebit-taxes b.) ebit x

Assume a firm has no interest expense or extraordinary items. Given this, the operating cash flow can be computed as:

a.) ebit-taxes

b.) ebit x (1-tax rate) + depreciation x tax rate

c.) (sales-costs) x (1 - tax rate)

d.) ebit-depreciation + taxes

e.) net income = depreciaiton

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