For a given year, Rogers Express paid $318 in interest, $460 in dividends, and $368 in taxes. The firm had a net income of $1,220, depreciation of $1,560, an increase in net working capital of $220, an increase in net fixed assets of $950, and a decrease in long-term debt of $260. There were no changes in the equity accounts other than the change in retained earnings. What is the annual cash flow of the firm?

A) $3,148
B) $1,610
C) $2,780
D) $1,038
E) $50


D) $1,038

Business

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The weighted average cost of capital up to the point when retained earnings are exhausted is ________. (See Table 9.2 )

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The act of state doctrine precludes outside interference in expropriation

Indicate whether the statement is true or false

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