A project will increase the sales of Joe's Workshop by $50,000 and increase cash expenses by $39,000. The project will cost $40,000 and be depreciated using straight-line depreciation to a zero book value over the 5-year life of the project. The company has a marginal tax rate of 34%. What is the operating cash flow of the project using the tax shield approach? $9,100 $12,600 $9,980