The firm has an after- tax cost of capital of 12 and its, Financial Management

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The firm has an after- tax cost of capital of 12 and its

The Firm has an after- tax cost of capital of 12%, and its tax rate is 50%. Last year the firm had $800,000 of earnings before interest and taxes on its $12,000,000 of sales, while depreciation expense was $400,000. The firm had capital employed of $5,000,000. Find the firm’s operating cash flow.

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