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Chevelle, Inc., has sales of $44,000, costs of $20,600, depreciation expense of $1,700, and interest expense of $1,000. If the tax rate is 35 percent,
Chevelle, Inc., has sales of $44,000, costs of $20,600, depreciation expense of $1,700, and interest expense of $1,000.
| If the tax rate is 35 percent, what is the operating cash flow, or OCF? |
| Operating cash flow | $ |
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe
6th International Edition
0071229035, 978-0071229036
