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Armco had annual sales of $190,000 with associated costs of $120,000 during 2019. Depreciation expense for this project is $30,000 per year over its 8-year

Armco had annual sales of $190,000 with associated costs of $120,000 during 2019.

Depreciation expense for this project is $30,000 per year over its 8-year life. The tax rate is 35

percent. What is Armco's cash flow from operations for 2019?

-$34.000

$56.000

$46,000

$54.250

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