A company will sell Widgets to consumers at a price of $110 per unit. The variable cost to produce Widgets is $46 per unit. The company expects to sell 10,000 Widgets to consumers each year. The fixed costs incurred each year will be $100,000. There is an initial investment to produce the goods of $3,400,000 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 12% and the tax rate is 40%.

What is operating cash flow each year?