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A project is expected to generate annual revenues of $81,600, with variable costs of $46,350, and fixed costs of $15,900. The annual depreciation is $5,150

A project is expected to generate annual revenues of $81,600, with variable costs of $46,350, and fixed costs of $15,900. The annual depreciation is $5,150 and the tax rate is 21 percent. What is the annual operating cash flow?

Annual Operating Cash Flow =

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