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A 4-year project has an annual operating cash flow of $122,500. At the beginning of the project, $80,000 in net working capital is required, which

A 4-year project has an annual operating cash flow of $122,500. At the beginning of the project, $80,000 in net working capital is required, which will be recovered at the end of the project. The firm also spent $175,000 on equipment to start the project. This equipment will have a book value of $30,240 at the end of the project, but can be sold for $62,500 (i.e., at t=4 on your timeline). The tax rate is 28 percent. What is the Year 4 cash flow? Round answers to three decimal places

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