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Hoover Manufacturing is trying to estimate the Year 1 operating cash flow for a proposed project. The assets required for the project were fully depreciated
- Hoover Manufacturing is trying to estimate the Year 1 operating cash flow for a proposed project. The assets required for the project were fully depreciated at the time of purchase. The financial staff has collected the following information:
Sales revenues $13.3 million
Operating costs 7.6 million
Interest expense 1.4 million
a. $2,795,000
b. $655,000
c. $1,690,000
d. $2,600,000
e. $3,705,000
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