Bronco Spirit Inc. is evaluating a project that will increase annual sales by $198,600 and annual cash costs by $94,500. The project will initially require $187,000 in fixed assets that will be depreciated straight-line to a zero book value over the four-year life of the project. The applicable tax rate is 22 percent. What is the annual operating cash flow for this project? $86.480 $89,920 $91,483