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Tubby Toys estimates that its new line of rubber ducks will generate sales of $7 million, operating costs of $4 million, and a depreciation expense
Tubby Toys estimates that its new line of rubber ducks will generate sales of $7 million, operating costs of $4 million, and a depreciation expense of $1 million. If the tax rate is 45%, What is the firm's operating cash flow? A. 1.1 million b. 2.0 million C. 2.1 million D. 3.0 million
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