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A proposed new project has projected sales of $122,400, costs of $61,920, and depreciation of $4,320. The tax rate is 32 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 Approach (Do not round your intermediate calculations):

Financial Management, Finance

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