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Peter's Boats has sales of $711,000 and a profit margin of 7.8 percent. The annual depreciation expense is $59,000. The tax rate is 35 percent.
Peter's Boats has sales of $711,000 and a profit margin of 7.8 percent. The annual depreciation expense is $59,000. The tax rate is 35 percent. What is the amount of the operating cash flow if the company has no long-term debt?
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