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A proposed new project has projected sales of $113,900, costs of $57,620, and depreciation of $4,020. The tax rate is 33 percent. Calculate operating cash flow using the four different approaches. Requirement 1: The common calculation Approach (Do not round your intermediate calculations): Requirement 2: The Bottom-Up Approach (Do not round your intermediate calculations): Requirement 3: The Top-Down Approach (Do not round your intermediate calculations): Requirement 4: The Tax-Shield Approac

Financial Management, Finance

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