A 4-year project has an annual operating cash flow of $55,000. At the beginning of the project, $4,600 in net working capital was required, which will be recovered at the end of the project. The firm also spent $23,100 on equipment to start the project. This equipment will have a book value of $4,940 at the end of the project, but can be sold for $5.880. The tax rate is 21 percent. What is the Year 4 cash flow? Multiple Choice $63,422 $65,283 $55,951 $65,809 $21,193