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ABC Corporation has hired you to evaluate a now FOUR year project for the firm. The project will require the purchase of a $753,200.00 work

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ABC Corporation has hired you to evaluate a now FOUR year project for the firm. The project will require the purchase of a $753,200.00 work cell. Further, it will cost the firm $58,300,00 to get the work cell delivered and installed. The work cell will be straight-line depreciated to zero with a 20-year useful life. The project will require new employees to bo trained at a cost of $64,900.00. The project will also use a plece of equipment the firm already owns. The equipment has been fully depreciated, but has a market value of $7,500.00. Finally, the firm will invest $11,300.00in net working capitai to ensure the project has sutticient resources to be successtul, The project will genorate annual sales of $906,000.00 with expenses estimated at 39.00% of sales. Nat working capital will be held constant throughout the project. The tax rate is 36.00%. The work cell is ostimated to have a market value of $473,000.00 at the end of the fourth year. The flirm expects to reclaim 81.00% of the final NWC position. The cost of capital is 14.00%. What is the yearly operating cash flow for the projoct? Answer format: Currency: Hound to: 2 decimal places

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