A company will sell Thingamajigs to consumers at a price of $106 per unit. The variable cost to produce Thingamajigs is $29 per unit. The company expects to sell 20,000 Thingamajigs to consumers each year. The fixed costs incurred each year will be $160,000. There is an initial investment to produce the goods of $3,400,000 which will be depreciated straight line over the 9 year life of the investment to a salvage value of $0. The opportunity cost of capital is 14% and the tax rate is 29%.

What is operating cash flow each year?