A 7-year project is expected to provide annual sales of $157,000 with costs of $89,500. The equipment necessary for the project will cost $280,000 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 21 percent. What is the annual operating cash flow for the worst-case scenario?

Multiple Choice $82,554 $49,122 $20,147 $23,979 $32,515