XYZ Company, a 'for$-$profit' business, had revenues of $$12$ million in $2022.$ Expenses

other than depreciation totaled $75$ percent of revenues, and depreciation expense

was $$1\mathrm{.}5$ million. XYZ Company, must pay taxes at a rate of $40$ percent of pretax

$($operating$)$ income. All revenues were collected in cash during the year, and all

expenses other than depreciation were paid in cash.

What was XYZ$\text{'}$s total cash flow?

Hint: Look at the PowerPoint, Homework Hint, especially as it relates to the

'Depreciation Tax Shield' examples. Net Income $+$ Depreciation

Select one or more:

a$.$ $$1,500,000$

b$.$ Not enough information

C$.$ $$900,000$

d$.$ $$2,400,000$