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Suppose you are the TA for FINA2710. A student in the class is very puzzled by how operating cash flows are calculated. He does not
Suppose you are the TA for FINA2710. A student in the class is very puzzled by how operating cash flows are calculated. He does not understand why he needs to add the an of depreciation back to after-tax earnings to get total cash flows. He also notes that ther 2 no deduction of interest expense in the calculation, and thus he thinks the tax burden is understated. Provide your explanation
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