Companies Alpha and Beta are very similar. Both have sales of $2,000,000, and COGS are 65% of

Question:

Companies Alpha and Beta are very similar. Both have sales of $2,000,000, and COGS are 65% of sales. Both companies have operating expense of $300,000 and are taxed at 32%. However, Alpha and Beta will be claiming $30,000 and $60,000 each respectively in depreciation expense. Calculate each company's net cash flow, and explain specifically the difference in the cash flows?