Tubby Toys estimates that its new line of rubber ducks will generate sales of $7 million, operating

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Tubby Toys estimates that its new line of rubber ducks will generate sales of $7 million, operating costs of $4 million, and a depreciation expense of $1 million. If the tax rate is 35%, what is the firm's operating cash flow? Show that you get the same answer using all three methods to calculate operating cash flow.

Tubby Toys estimates that its new line of rubber ducks
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Fundamentals of Corporate Finance

ISBN: 978-0078034640

7th edition

Authors: Richard Brealey, Stewart Myers, Alan Marcus

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