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Calculate the operating cash flow for Cardinals Inc. given the following information: Sales = $1,500,000; Operating Costs = $750,000; Depreciation Expense = $100,000; Marginal Tax
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Calculate the operating cash flow for Cardinals Inc. given the following information: Sales = $1,500,000; Operating Costs = $750,000; Depreciation Expense = $100,000; Marginal Tax Rate = 34%; Opportunity Cost = 15%.
A. $750,000
B. $429,000
C. $529,000
D. $684,000
E. Cannot be determined
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