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ast year, Blue Lake Mines, Inc., had earnings after tax of $600,000. Included in its expenses were depreciation of $220,000 and deferred taxes of $120,000.
ast year, Blue Lake Mines, Inc., had earnings after tax of $600,000. Included in its expenses were depreciation of $220,000 and deferred taxes of $120,000. The company also purchased new capital equipment for $300,000 last year. Calculate Blue Lake's after-tax cash flow for last year. Round your answer to the nearest dollar.
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