A project with a life of 9 years is expected to provide annual sales of $370,000 and costs of $261,000. The project will require an investment in equipment of $655,000, which will be depreciated on a straight-line method over the life of the project. You feel that both sales and costs are accurate to +/-10 percent. The tax rate is 34 percent. What is the annual operating cash flow for the best-case scenario?

Multiple Choice

• $113,586

• $55,038

• $138,330

• $110,794

• $83,258