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Tom's Shoes manufactures cheap footgear. The companys CFO estimates that with the addition of a new line of flip-flops the company will generate $10 million
Tom's Shoes manufactures cheap footgear. The companys CFO estimates that with the addition of a new line of flip-flops the company will generate $10 million in sales. The companys operating costs are $6.0 million per year and the depreciation expense amounts to $1.0 million. If the companys tax rate is 25%, a) What is the company's operating cash flow
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