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Loblaws has annual sales of $1.9 million, depreciation of $238,000, and net working capital of $196,001. The firm has a tax rate of 35% and

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Loblaws has annual sales of $1.9 million, depreciation of $238,000, and net working capital of $196,001. The firm has a tax rate of 35% and a profit margin of 8.2%. The firm has no long-term debt. What is the amount of the annual operating cash flow? $284, 585 $393, 800 $197, 800 $521, 200 $88, 585

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