A proposed expansion project is expected to increase sales by $$86,000$ and increase cash expenses by $$44,000.$ The project will require $$54,000$ of fixed assets that will be depreciated using straight$-$line depreciation to a zero book value over the five$-$year life of the project. The store has a marginal tax rate of $25$ percent. What is the operating cash flow of the project using the tax shield approach? Ignore bonus depreciation.

Instruction: Enter your response rounded to two decimal places.