annual revenue of $1,100,000

operating expenses of $600,000

annual depreciation and amortization for the assets used in the restaurant will equal $70,000

annual capital expenditure of $20,000 will be required to offset wear-and-tear on the assets used in the restaurant, but no additions to working capital will be required.

The marginal tax rate will be 40 percent.

what is the incremental annual free cash flow for the project.