A proposed new project has projected sales of $161,500, costs of $81,700, and depreciation of $5,700. The tax rate is 33 percent. Calculate operating cash flow using the four different approaches.
Requirement 1: The common calculation Approach (Do not round your intermediate calculations):
Requirement 2: The Bottom-Up Approach (Do not round your intermediate calculations):
Requirement 3: The Top-Down Approach (Do not round your intermediate calculations):
Requirement 4: The Tax-Shield Approach (Do not round your intermediate calculations)