Chicago Turkey is considering a new turkey farm to service its western region stores. The stores currently require 650,000 turkeys per year, and they are purchased from various local turkey farms for an average price of $8 per bird. The managers believe that their new farm would lower the cost per bird to 57, while maintaining the average selling price of$10 per bird. However, due to the centralized structure of this operation, shipping expenses will increase to $1.25 per bird from the current $1.00. The firm will need to increase its inventory of live turkeys by $45,000. It will cost $150,000 to purchase the land and $300,000 to construct the buildings and purchase equipment. In addition, labor expense will rise by $250,000 per year. The buildings and equipment will be depreciated using the straight-line method over five years to a salvage value of $100,000. After five years, the company will sell the farm for $300,000 (5100,000 for the buildings and equipment, $200.000 for the land). The firm's marginal tax rate is 21%, and note that land is not depreciable. What is the Annual After-tax Cash Flow of the project? $156,025 $196,025 5393525 5707.525