A project will generate sales of $250,000. The total cash expenses are $80,000. The project will use an equipment worth $350,000 that will be depreciated on a straight-line basis to a zero book value over a 10-year life of the project. The project will require an initial investment in net working capital is $5,000 which will be recouped at the end of the project. If the tax rate is 25%, what is the operating cash flow?