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A new project is expected to generate $905717 in revenues, $321663 in cash operating expenses, and depreciation expense of $157441 in each year of its
A new project is expected to generate $905717 in revenues, $321663 in cash operating expenses, and depreciation expense of $157441 in each year of its 9-year life. The corporation's tax rate is 25%. The project will require an increase in net working capital of $92701 at the outset and a decrease in net working capital of $68244 in year 9. What is the operating free cash flow from the project in the first year, to the nearest dollar?
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