Rebel, Inc. had gross revenues of $600,000 last year. The company's operation and maintenance costs for the year were $150,000 and the annual depreciations of their capital assets was $60,000. If the company paid a combined federal and state income tax of $93.600, determine the net after-tax cash flow for the year. OA $296,400 OB. $342.000 C. $356,400 OD. $129,600 OE $506,400 OF $108,000

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Chapter1: Financial Statements And Business Decisions
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Rebel, Inc. had gross revenues of $600,000 last year. The company's operation and maintenance costs for the year were $150,000 and the annual depreciations of their capital assets was
$60,000. If the company paid a combined federal and state income tax of $93,600, determine the net after-tax cash flow for the year.
A. $290,400
B. $342,000
OC. $356,400
OD. $129,600
OE $506,400
OF $108,000
Transcribed Image Text:Rebel, Inc. had gross revenues of $600,000 last year. The company's operation and maintenance costs for the year were $150,000 and the annual depreciations of their capital assets was $60,000. If the company paid a combined federal and state income tax of $93,600, determine the net after-tax cash flow for the year. A. $290,400 B. $342,000 OC. $356,400 OD. $129,600 OE $506,400 OF $108,000
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