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Umgc El Dorado Storage Projections for Year 1 of A Capital Budgeting Questions

 

El Dorado Storage has the following projections for Year 1 of a capital budgeting project.

Sales $288,162

Variable costs $120,608

Fixed costs and selling, general and administrative expenses $10,263

Depreciation Expense $21,280

Tax Rate 35%

Calculate the operating cash flow for Year 1. Round the answer to two decimals