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Schiller Construction Inc. has estimated the following revenues and expenses related to phase I of a proposed new housing development. Incremental sales= $2,000,000, total cash
- Schiller Construction Inc. has estimated the following revenues and expenses related to phase I of a proposed new housing development. Incremental sales= $2,000,000, total cash operating expenses $1,200,000, depreciation $300,000, taxes 35%, interest expense, $120,000. What is the operating cash flow associated with phase I of the development?
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