Miser Materials paid $27,500 in dividends and $28,311 in interest over the past year while net working capital increased from $13,506 to $18,219.The company purchased $42,000 in net new fixed assets and had depreciation expenses of $16,805.During the year,the firm issued $25,000 in net new equity and paid off $21,000 in long-term debt.What is the amount of the cash flow from assets?
A) $21,811
B) $30,811
C) $36,189
D) $49,811
E) 51,811
Correct Answer:
Verified
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