1. A company is evaluating a project that will increase sales by $208,000 and costs by $124,800. The project will initially cost $624,000 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 16 percent. What is the annual operating cash flow for this project?

   		$80,496
   		$78,000
   		$79,248
   		$78,624
   		$79,872