During 2019, Stark Industries had a sales revenue of $100,000, and a total cost before depreciation, interest, and taxes of 40,000. The company had accumulated depreciation of $2,000 at the end of 2019 and $1,000 at the end of 2018. Stark Industries is subject to a 21% marginal tax rate. What was the operating cash flow for Stark Industries?

Select one:

a. $48,400

b. $32,600

c. $47,610

d. $47,820

e. $49,400