Northern Railway is considering a project which will produce annual sales of $1,063,000 and increase...
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Northern Railway is considering a project which will produce annual sales of $1,063,000 and increase cash expenses by $698,000. If the project is implemented, taxes will increase from $141,000 to $216,000 and depreciation will increase from $183,000 to $294,000. The company is debt-free. What is the amount of the operating cash flow using the top-down approach?
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