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ABC Company has a proposed project that will generate sales of 250 units annually at a selling price of $150 each. The fixed costs are

ABC Company has a proposed project that will generate sales of 250 units annually at a selling price of $150 each. The fixed costs are $7,657 and the variable costs per unit are $47. The project requires $32,260 of equipment that will be depreciated on a straight-line basis to a zero book value over the 13-year life of the project. That is, depreciation each year is $32,260/13. The tax rate is 31 percent. What is the operating cash flow? Enter your answer rounded off to two decimal points.

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