ABC is trying to estimate the first year's after-tax operating cash flow for a potential project. The financial staff has gathered the following information:

Sales are projected to be $301,000

The operating profit margin is projected to be 14.6 percent

Depreciation expense in the first year is projected to be $23,000

Given this information and the firm's tax rate of 40 percent, what is this project's after-tax operating cash flow for the first year?