Edwards Electronics recently reported $11, 250 of sales, $5, 500 of operating costs other than depreciation, and $1, 250 of depreciation.The company had no amortization charges, it had $3, 500 of bonds that carry a 6.25% interest rate, and its federal-plus-state income tax rate was 35%.How much was its net cash flow?
A) $3, 284.75
B) $3, 457.63
C) $3, 639.61
D) $3, 831.17
E) $4, 032.81
Correct Answer:
Verified
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