Estimate the minimum required cash flow before taxes

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A petroleum engineer must estimate the minimum required cash flow before taxes if the cash flow after taxes is $2,000,000. The effective federal tax rate is 35%, and the state tax rate is 4.5%. A total of $1,000,000 in tax-deductible depreciation will be charged this year. Estimate the required cash flow before taxes.

Reference no: EM131115089

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