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You look at Company ABCs financial statements for 2019 and you see operating income as $50,000. Depreciation for the year was $20,000. Interest was $5,000.

You look at Company ABCs financial statements for 2019 and you see operating income as $50,000. Depreciation for the year was $20,000. Interest was $5,000. Capital Expenditure was $10,000. Tax rate is 20%. What is levered cash flow?

-the correct answer is $46,000. Please show me the work to get that answer.

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