Chapter 11. Simco had annual sales of $190,000 with associated costs of $120,000 during 2012. The project increased net working capital $70,000 and fixed assets by $200,000 during the year. The project has an 8-year life. The company uses straight- line depreciation to a zero book value over the life of the project. The tax rate is 35 percent. What is Simco's cash flow from operations for 2012? $34,000 $26.000 $46,000 $54.250 $180,250