equipment costs $70,000. It would have a pre-tax salvage value of $5,000 at the end of Year 3, when the project would be closed. Based on the depreciation method that the accountants adopt, the book value of the equipment is $0 at the end of project. Also, an additional net operating working capital of $10,000 would be required, but it would be recovered at the end of the project's life. The annual operating cash flow is $25,717 and constant over 3 years. The firm has a tax rate of 35%. What is the project's total cash flow in the final year of the project? $37,371 $38,213 $36,518 $37,005 $38,967