Calculate the operating cash flow for Initech. $($Assume that depreciation is tax deductible.$)$

Initech Corp.

Income Statement

$($$$000$s$)$

Revenue

$$200,000$

Cost of Goods Sold

$129,597$

SG&A

$32,404$

Depreciation Expense

$9,479$

EBIT

$28,520$

Interest Expense

$14,461$

Income Before Taxes

$14,060$

Taxes

$4,216$

Net Income

$$9,844$