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A large grocery store chain is considering paying $307,000 for new store equipment. Under MACRS depreciation system, this equipment falls into the 3 -year property

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A large grocery store chain is considering paying $307,000 for new store equipment. Under MACRS depreciation system, this equipment falls into the 3 -year property class. The grocery store chain's management estimates $96,000 in sales revenues and $22,000 in production costs every year in the future. The grocery store chain falls into a 30% tax rate bracket. Calculate the grocery store chain's Operating Cash Flow in the 3rd year

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