Bad Company has a new 4-year project that will have annual sales of 8,300 units. The price per unit is $19.80 and the variable cost per unit is $7.55. The project will require fixed assets of $93,000, which will be depreciated on a 3-year MACRS schedule. The annual depreciation percentages are 33.33 percent, 44.45 percent, 14.81 percent, and 7.41 percent, respectively. Fixed costs are $33,000 per year and the tax rate is 40 percent. What is the operating cash flow for Year 3?

$53,699

$32,979

$50,505

$46,714

$66,514