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In this fiscal year, Langley Inc. has sales of $409,000, depreciation of $30,000, and net working capital of $46,000. The firm has a flat tax
In this fiscal year, Langley Inc. has sales of $409,000, depreciation of $30,000, and net working capital of $46,000. The firm has a flat tax rate of 21% and a profit margin of 6%. The firm has no interest expense. What is the amount of the operating cash flow in this year?
Group of answer choices
$69,930
$299,410
$54,980
$58,340
$54,540
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