A 6-year project is expected to provide annual sales of $181,000 with costs of $92,500. The equipment necessary for the project will cost $310,000 and will be depreciated on a straight-line method over the life of the project. You feel that both sales and costs are accurate to +/-15 percent. The tax rate is 34 percent. What is the annual operating cash flow for the worst-case scenario?

Multiple Choice $61,605 $48,900 $33,708 $31,334 $103,053