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from today. Ass 135 1.759.00. What w Taylor United is considering overhauling its equipment to meet increased demand for its product. The cost of equipment

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from today. Ass 135 1.759.00. What w Taylor United is considering overhauling its equipment to meet increased demand for its product. The cost of equipment overhaul is $3,83 million, plus $236,177.00 in installation costs. The firm will straight-line depreciate the equipment to zero using a 5-year recovery period. Additional sales from the overhaul should amount to $230,343,00 per year, and additional operating expenses and other costs (excluding depreciation) will amount to 35.00% of the additional sales. The firm has an ordinary tax rate of 34.00% What is the operating cash flow for year 1 of this project? Submit Answer format: Currency: Round to: 2 decimal places. 104N APR

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