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A 5 year proA 5 - year project is expected to generate revenues of $ 9 2 , 0 0 0 , variable costs of

A 5 year proA 5-year project is expected to generate revenues of $92,000, variable costs of $67,000, and fixed costs of $11,000. The annual depreciation is $4,000 and the tax rate is 35 percent. What is the annual operating cash flow?
$11,100
$9,100
$8,700
$9,900
$10,500
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