Question
Using the tax shield approach, calculate OCF given the following information: Sales $104,000; Costs $63,000; Depreciation $10,000. Tax rate is 40%. $32,200 $31,300 O$30,400 $29,500
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Fundamentals of Investments Valuation and Management
Authors: Bradford D. Jordan, Thomas W. Miller
5th edition
978-007728329, 9780073382357, 0077283295, 73382353, 978-0077283292
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