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You calculate that your company has had the following performance this year: $500,000 sales, $300,000 cost of goods sold, $20,000 administrative expense, $20,000 depreciation expense,
You calculate that your company has had the following performance this year: $500,000 sales, $300,000 cost of goods sold, $20,000 administrative expense, $20,000 depreciation expense, and $50,000 purchase of equipment. The tax rate has gone down this year from 28% to 21%. What is your companys operating cash flow?
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