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A firm is considering a project that requires the up front purchase of equipment for $200 million. The equipment will be depreciated straightline over its

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A firm is considering a project that requires the up front purchase of equipment for $200 million. The equipment will be depreciated straightline over its 25 year useful Iye. The project is expected to generate sales of $50 million a year and have cash costs of $20 million a year for each of the next 25 years. The firm is subject to a tax rate of 32%. What is the annual operating cash flow that this project is expected to generate? Round all intermediate calculations to 6 decimal points. Your final answer should be within $100 of the correct answer choice. $22,000,000 $14.960,000 $17.520,000 $22.960,000

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