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Question
The Tate Manufacturing Company has $150 million in sales revenue with $90 million in cost of goods sold. It has selling and administrative expenses of $10, pays annual taxes in the amount of $10 and has depreciation and other non-cash expenses of $30 million. What are this firm's annual projected cash flows?
A. $150 million
B. $60 million
C. $70 million
D. $40 million
E. None of the options is correct
Answer
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Related questions
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