(CHAPTER 10) A large grocery store chain is considering paying $254,000 for new store equipment. Under MACRS depreciation system, this equipment falls into the 3-year property class. The grocery store chain's management estimates $98,000 in sales revenues and $23,000 in production costs every year in the future. The grocery store chain falls into a 36% tax rate bracket. Year 1 2 Property Class Three-Year Five-Year 33.33% 20.00% 32.00 14.82 19.20 7.41 11.52 11.52 Seven-Year 14.2996 24.49 17.49 12.49 8.93 8.90 8.93 4.45 5.78 Calculate the grocery store chain's Operating Cash Flow in the 2nd year. Increase decimal places for any intermediate calculations, from the default 2 to 6 or higher. Only round your final answer to TWO decimal places: for example, 10,000.23. Do NOT use the "$" sign in your