a project has an annual operating cash flow of $43 700. Initially this 4 year project required 3,800 in net working capital which is recoverable when the project ends. The firm also spent 21,500 on equipment to start the project. This equipment will have a book value of 4,300 at the end of year 4. What is the cash flow for year 4 of the project if the equipment can be sold for 5,4000 and the tax rate is 34 percent?

A. 51,724

B. 52,038

C. 52,596

D. 52,900

E. 43,100