Question

A project has projected sales of $76,400, cash expenses of $42,900, depreciation of $3,730, taxes of $7,200, and an initial cash requirement of $2,200 for working capital. What is the amount of the operating cash flow using the top-down approach?

A) $22,570

B) $30,030

C) $28,300

D) $26,300

E) $24,570

Answer

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