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Which of the following is the equation for estimating operating cash flows (OCF) using the tax shield approach? Multiple choice question. OCF = (Sales Costs)

Which of the following is the equation for estimating operating cash flows (OCF) using the tax shield approach?

Multiple choice question.

OCF = (Sales Costs) (1 Tax rate) + Depreciation Tax rate

OCF = (Sales Costs) Tax rate + Depreciation Tax rate

OCF = (Sales Costs) (1 Tax rate)

OCF = (Sales Costs) + Deprecation

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