
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
Correct Answer:
Verified
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