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Q1. For a particular project and year under consideration, suppose we have the following estimates: Sales= $10,000 Cash costs= $4000 Depreciation=$2000 Using the above data,

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Q1. For a particular project and year under consideration, suppose we have the following estimates: Sales= $10,000 Cash costs= $4000 Depreciation=$2000 Using the above data, calculate earnings before taxes, taxes and operating cash flow using top-down approach. (9 marks)

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