As a member of Gamma Corporation's financial staff, you must estimate the Year 1 operating net cash flow for a proposed project with the following data. What is the Year 1 operating cash flow?

Sales: $33,000

Depreciation: $10,000

Other operating costs:$17,000

Interest expense: $4,000

Tax Rate:35%

a) $11,700

b)$9,500

c)$13,900

d)$10,600