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A 12 -year project is expected to generate annual sales of $162,565, variable costs of 35,285 , and fixed costs of $35,250. The annual depreciation

A 12 -year project is expected to generate annual sales of $162,565, variable costs of 35,285 , and fixed costs of $35,250. The annual depreciation is $23,252 and the tax rate is 38 percent. What is the annual operating cash flow?

Enter your answer rounded off to two decimal points.

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