Umgc El Dorado Storage Projections for Year 1 of A Capital Budgeting Questions
El Dorado Storage has the following projections for Year 1 of a capital budgeting project.
Sales $288,162
Variable costs $120,608
Fixed costs and selling, general and administrative expenses $10,263
Depreciation Expense $21,280
Tax Rate 35%
Calculate the operating cash flow for Year 1. Round the answer to two decimals