A petroleum engineer must estimate the minimum required


A petroleum engineer must estimate the minimum required cash flow before taxes if the cash flow after taxes is $2,000,000. The effective federal tax rate is 35%, and the state tax rate is 4.5%. A total of $1,000,000 in tax-deductible depreciation will be charged this year. Estimate the required cash flow before taxes.

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Business Economics: A petroleum engineer must estimate the minimum required
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