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A proposed new project at Mosby Inc., has projected sales of $169,720, costs of $104,245, and depreciation of $21,945. The tax rate is 29 percent.

A proposed new project at Mosby Inc., has projected sales of $169,720, costs of $104,245, and depreciation of $21,945. The tax rate is 29 percent. Calculate operating cash flow using the depreciation tax shield approach.

[Round the final answer to the nearest cent]

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