The Java House is considering a project that will produce sales of $47,500 and increase cash expenses by $22,500.If the project is implemented,taxes will increase by $7,600.The additional depreciation expense will be $10,100.An initial cash outlay of $7,300 is required for net working capital.What is the amount of the operating cash flow using the top-down approach?
A) $10,100
B) $20,200
C) $18,200
D) $17,400
E) $14,800
Correct Answer:
Verified
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