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ABC, Inc., is considering purchase of a new equipment. The expected sales are expected to be...

ABC, Inc., is considering purchase of a new equipment. The expected sales are expected to be $5,988,380. The annual cash operating expenses are expected to be $3,425,021. The annual depreciation is estimated to be $671,893 and the interest expense is estimated to be $227,614. If the tax rate is 35%, what is the operating cash flow?

Enter your answer rounded off to two decimal points. Do not enter $ or comma in the answer box. For example, if your answer is $12.345 then enter as 12.35 in the answer box.

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Answer #1
Sales 5988380
Less: Cash Operating Expenses 3425021
Less: Depreciation 671893
EBIT 1891466
Less: Interest 227614
EBT 1663852
Less: Tax@35% 582348.2
EAT 1081503.8
Add Back: Depreciation 671893
Operating Cash Flow 1753396.8

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