How much cash does the firm actually have? You are the CFO of ABC Corp. You are looking to hire a financiai analyst, and you've given an assignment to two short-listed candidates, You've given the following information to the job applicants: - The company reported net sales of $18,750,000. Assume that there were no noncash sales. - Operating costs (excluding depreciation and amortization) were 65% of the company's total revenues. - Depreciation and amortization charges were 5% of total sales. - Interest charges were 15% of earnings before interest and taxes (EDIT) with a tax rate of 40%. You've asked the candidates to give you a number that best represents the cash fow situation of the company. KURT: submits a report stating that the firm has $3,506,250 in cash avallable. JAKK: submits a report stating that the firm has $2,868,750 in cash. Based on the information given to them, which applicant has provided a better estimate of the company's current cash fows? Check alt that apply. Jake Kurt Based on the information given to them, which applicant has provided a better estimate of the company's current cash flows? Check all that apply. Jake Kurt: Yout follow-up question to both Kurt and Jake asks them to think about the difference between their cash fow estimates. The most likely reason for the discrepancy is that failed to subtract the company's depreciation and amortization expenses from ABC's EBIT. add back the company's non-cosh expenses to ABC's net income