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Kay Inc. had revenues of $14 million, cash operating expenses of $8 million, and depreciation and amortization of $2.8 million during 2021. The firm purchased

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Kay Inc. had revenues of $14 million, cash operating expenses of $8 million, and depreciation and amortization of $2.8 million during 2021. The firm purchased $700,000 of equipment during the year while increasing its inventory by $500,000. The marginal tax rate for the firm is 0.27 percent. What is the firm's cash flow from operations for 2021? (Show TWO decimal places.) EBIT=Revenues-Expenses- Depreciation\&Amoritzation Operating Cash Flow (OCF)= EBIT " (1- tax rate) + Depreciation\&Amoritzation Free Cash Flow (FCF)= OCF - Captial Expenditure - Change in Net Working Capital

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