The owner of a bicycle repair shop forecast revenues of $$200,000$ a year. Variable costs will be

$$60,000$ and rental costs for the shop are $$35,000$ a year. Depreciation on the repair tools will be

$$15,000.$ The tax rate is $34\%.$ Calculate the operating cash flow for the repair shop using all three

methods we learned in the lecture. Confirm that all three approaches result in the same value for

cash flow. solve without excel