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Last year, Blue Lake Mines, Inc., had earnings after tax of $450,000. Included in its expenses were depreciation of $300,000 and deferred taxes of $90,000.
Last year, Blue Lake Mines, Inc., had earnings after tax of $450,000. Included in its expenses were depreciation of $300,000 and deferred taxes of $90,000. The company also purchased new capital equipment for $240,000 last year. Calculate Blue Lake's after-tax cash flow for last year. Round your answer to the nearest dollar.
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