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During the year, RIT Corp. had sales of $569,600. Costs of goods sold, administrative and selling expenses, and depreciation expenses were $476,000, $60,800, and $44,800,

During the year, RIT Corp. had sales of $569,600. Costs of goods sold, administrative and selling expenses, and depreciation expenses were $476,000, $60,800, and $44,800, respectively. In addition, the company had an interest expense of $112,000 and a tax rate of 22 percent. What is the operating cash flow for the year? Ignore any tax loss carry-forward provisions.

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