Standard Corporation is investing \($400\),000 of fixed capital in a project that will be depreciated straight-line to zero over its 10-year life. Annual sales are expected to be \($240\),000, and annual cash operating expenses are expected to be \($110\),000. An investment of \($40\),000 in net working capital is required over the project’s life. The corporate income tax rate is 30 percent. What is the after-tax operating cash flow expected in year one?

A. \($63\),000.

B. \($92\),000.

C. \($103\),000.