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Question 8
Consider a company with sales that are initially equal to 650 million, and grow at a rate of 8% per quarter. The company’s profit margin is 7%. Inventory must be in place a quarter before the goods are sold. All goods are paid in cash.

The company's cash flow in the first quarter is _______.

1 point

11.4


8.2


-3.2


-0.7



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