Bennett Company has a potential new project that is expected to generate annual revenues of $254,900, with variable costs of $140,800, and fixed costs of $58,900. To finance the new project, the company will need to issue new debt that will have an annual interest expense of $20,500. The annual depreciation is $23,600 and the tax rate is 21 percent. What is the annual operating cash flow?

Multiple Choice

$78,800

$122,360

$48,564

$173,012

$42,960