Club Corporation is analyzing a project with anticipated sales of 12,000 units, 4 percent; variable costs per unit of $7, 6 percent; and annual fixed costs of $36,000, 6 percent. Annual depreciation is $29,600 and the tax rate is 21 percent. The sale price is $14.99 per unit, 1 percent. What is the operating cash flow under the optimistic scenario? Multiple Choice $64,499 $56,208 $59,311 $63,876 $54,309