Tubby Toys estimates that its new line of rubber ducks will generate sales of $6.80 million, operating costs of $3.80 million, and a depreciation expense of $.80 million. Assume the tax rate is 35%.

a.	Calculate the operating cash flow for the year by using all three methods: (a) adjusted accounting profits; (b) cash inflow/cash outflow analysis; and (c) the depreciation tax shield approach. (Enter your answers in millions rounded to 2 decimal places.)

Method	Cash Flow
Adjusted accounting profits	$ million
Cash inflow/cash outflow analysis	million
Depreciation tax shield approach	million

b.

Are the above answers equal?

	Yes
	No