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Q4. For a particular project and year under consideration, suppose we have the following estimates: Sales= $15,000 Cash costs= $7000 Depreciation= $4000 Using the above

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Q4. For a particular project and year under consideration, suppose we have the following estimates: Sales= $15,000 Cash costs= $7000 Depreciation= $4000 Using the above data, calculate earnings before taxes, taxes and operating cash flow using top-down approach. (9 marks)

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