A 4-year project has an annual operating cash flow of $56,500. At the beginning of the project, $4,750 in net working capital was required, which will be recovered at the end of the project. The firm also spent $23,400 on equipment to start the project. This equipment will have a book value of $5,060 at the end of the project, but can be sold for $5,970. The tax rate is 25 percent. What is the Year 4 cash flow? $67,448 $66,993 $57,493 $15,561 $15,561 $65,728