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Falstaff Consulting had annual sales of $2.5 million, operating expenses of $1.7 million, depreciation expense of $215,000, net income of $325,000 and at a tax

Falstaff Consulting had annual sales of $2.5 million, operating expenses of $1.7 million, depreciation expense of $215,000, net income of $325,000 and at a tax rate of 21% paid $99,750 in taxes Operating cash flows for Falstaff are closest to:

A.

$462,150.

B.

$700,250.

C.

$590,250.

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