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A project is expected to generate annual revenues of $ 1 1 9 , 3 0 0 , with variable costs of $ 7 5

A project is expected to generate annual revenues of $119,300, with variable costs of $75,400, and fixed costs of $15,900. The annual depreciation is $3,950 and the tax rate is 34 percent. What is the annual operating cash flow?
Multiple Choice
$61,143
$19,823
$45,243
$28,000
$31,950

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