A project is expected to generate annual revenues of $212,300 with variable costs of $73,900, and fixed costs of $14,400. The annual depreciation is $3,700 and the tax rate is 25 percent. What is the annual operating cash flow? (Round your final answer to the nearest dollar.)

a. $124,000

b. $104,625

c. $ 93,925

d. $120,300

e. $ 90,225