277 Chapter 9 Using Discounted Cash-Flow Analysis to Make Investment Decisions 10. Operating Cash Flows, Laurel's Lawn Care, Ltd., has a new mower line that can generate rev- enues of $120,000 per year. Direct production costs are $40,000, and the fixed costs of main- taining is being depreciated for tax purposes over 25 years using straight-line depreciation. Calculate the operating cash flows of the project if the firm's tax bracket is 35%. (L02) nhhe.com/bmmbe