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General Motors is setting up a new 7 year project in New Minnesota. General Motors expects that the project will generate annual sales of $390,000

General Motors is setting up a new 7 year project in New Minnesota. General Motors expects that the project will generate annual sales of $390,000 and incur annual costs of $277,000 The initial investment in fixed assets $685,000 and will be depreciated straight-line to zero. General Motors feels that both sales and costs are accurate to +/- 10%. Determine the annual operating cash flow (OCF) for the best-case scenario. Assume a tax rate of 40%

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