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A project is expected to generate annual revenues of $ 1 1 5 , 3 0 0 , with variable costs of $ 7 3

A project is expected to generate annual revenues of $115,300, with variable costs of $73,900, and fixed costs of $14,400. The annual depreciation is $3,700 and the tax rate is 22 percent. What is the annual operating cash flow?

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