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Question 12 (12 points) Your firm recently reported $8,000,000 in sales. Operating costs are 20% of sales, and depreciation expenses total $4,000,000. The firm has
Question 12 (12 points) Your firm recently reported $8,000,000 in sales. Operating costs are 20% of sales, and depreciation expenses total $4,000,000. The firm has $2,000,000 of debt outstanding at a 7.50% interest rate, and the firm is in the 28% tax bracket. What is the firm's net cash flow? (Please submit your answer using correct labeling, punctuation, etc. For example, for dollar answers, you should enter $5,234,000 this way.)
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