9. ABC is investing $350,000 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 $260,000 and annual operating expenses are expected to be $120,000. An investment of $50,000 in net working capital is required over the project's life. The corporate income tax rate is 30%. What is the after-tax operating cash flow expected in year one