Cost Plus is considering a ten-year project to improve its production efficiency. Buying a new piece of equipment would cost $400,000. It is expected to result in $80,000 in savings, per year, before taxes. This piece of equipment has a 10 -year economic life and it would follow the straight line depreciation method. Its salvage value at the end of the project is estimated at $150,000. The equipment also requires an immediate investment in spare parts inventory of $20,000. The company will require additional $500 in inventory in each succeeding year of the project. The company's tax rate is 40 percent. The appropriate discount rate is 9 percent. Calculate the annual Operating Cash Flow