Rare Earth Mining reported annual revenues of $725,000, all costs of $500,000, depreciation expense of $125,000, and interest paid of $50,000. Capital spending for the year was $600,000, $150,000 in new long term debt was issued, and $7,000 was paid as dividends. The tax rate is 40%

8. What is Operating Cash Flow?

9. If Beginning Net Fixed Assets was $1,250,000, what is Ending Net Fixed Assets?

10. If $100,000 in new equity was raised, what is Cash Flow to Shareholders?

11. If Net Working Capital changed by $80,000, what is Cash Flow from Assets? 12. Nantucket Wind Farms had EBIT of $180,000 and Depreciation expense of $80,000. Operating Cash Flow is $200,000. Interest paid was $20,000. a. How much was paid in taxes? Taxes = EBIT + depreciation OCF = $180,000 + $80,000 - $200,000 = $60,000 b. What is taxable income? c. What is net income?