A company will sell Gizmos to consumers at a price of $116 per unit. The variable cost to produce Gizmos is $49 per unit. The company expects to sell 16,000 Gizmos to consumers each year. The fixed costs incurred each year will be $180,000. There is an initial investment to produce the goods of $3,200,000 which will be depreciated straight line over the 5 year life of the investment to a salvage value of $0. The opportunity cost of capital is 9% and the tax rate is 40%.

What is operating cash flow each year?