1. A company is evaluating a project that will increase sales by $203,000 and costs by $121,800. The project will initially cost $609,000 for fixed assets that will be depreciated straight-line to a zero book value over the 10-year life of the project. The applicable tax rate is 25 percent. What is the annual operating cash flow for this project?

   		$56,835
   		$61,075
   		$66,295
   		$71,485
   		$76,125