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A project will generate sales of $65,866 each. The variable costs are $16,839 and the fixed costs are $20,000. The project will use an

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A project will generate sales of $65,866 each. The variable costs are $16,839 and the fixed costs are $20,000. The project will use an equipment worth $135,529 that will be depreciated on a straight-line basis to a zero book value over a 12-year life of the project. If the tax rate is 17%, what is the operating cash flow? Note: Enter your answer rounded off to two decimal points.

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