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Duke Fishron needs your help calculating the operating cash flow (OCF) for his business. Last year he sold 2,200 units for a price of $50.00
Duke Fishron needs your help calculating the operating cash flow (OCF) for his business. Last year he sold 2,200 units for a price of $50.00 per unit. Each unit sold cost him $35.00 and his fixed costs for the year were $14,000. The depreciation expense was $18,000 and his marginal tax rate was 20%. What was his OCF last year? Answer as a dollar amount rounded to 2 decimal places
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