Schiller Construction Inc. has estimated the following revenues and expenses related to phase I of a proposed new housing development. Incremental sales= $5,000,000, total cash operating expenses $3,500,000,
depreciation $500,000, taxes 35%, interest expense, $200,000. Operating cash flow equals
A) $650,000
B) $1,000,000
C) $1,150,000
D) $975,000
Answer: C
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