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Problem 1: Calculate operating cash flow if a firm has sales of $1,000,000, depreciation of $220,000 operating profit (EBIT) of $280,000, interest expense of $50,000, and a tax rate of 25%.
answer choices:
Option 1: 332,000
Option 2: $430,000
Option 3: $385,000
Option 4: $405,000
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