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A proposed new project has projected sales of $118,000, costs of $52,000, and depreciation of $12,100. The tax rate is 34 percent. Calculate operating cash flow using the four different approaches. (Do not round intermediate calculations.) Approaches Operating cash flow EBIT + Depreciation - Taxes $ Top-down $ Tax-shield $ Bottom-up $ Is the answer the same in each case? Yes No

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Category:- Financial Management
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