Before income taxes,Farley Company had revenues of $250,000 and expenses of $100,000 for the year excluding depreciation.Depreciation expense totaled $25,000 for the year.The company has an income tax rate of 40 percent.What is the company's after-tax cash flow for the year?
A) $90,000
B) $100,000
C) $75,000
D) $125,000
E) None of the answer choices is correct.
Correct Answer:
Verified
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