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Your firm recently reported sales of $4,320,000. Operating costs are 35% of sales, and depreciation expenses are 20% of operating costs. Your firm's 2020 net

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Your firm recently reported sales of $4,320,000. Operating costs are 35% of sales, and depreciation expenses are 20% of operating costs. Your firm's 2020 net operating working capital is $560,000; the firm's 2021 net operating working capital is $400,000. In 2021 , the firm had $1,800,000 in net plant and equipment; the 2020 balance of net plant and equipment was $1,900,000. The firm is in the 30% tax bracket. Your boss has asked you to calculate how much, if any, the firm can distribute to shareholders without harming operations. $2,505,600$1,693,920$2,013,920 None of the above

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