1. Given the following Financial Information Answer the following question:

   	2017	2018
   Cash	5,000	269,707
   Accounts Receivable	1,000	1,010
   Inventory	8,000	8,080
   Prepaid Assets	8,000	8,080
   Other Assets	5,000	5,050
   Total Current Assets	27,000	291,927
   Net PPE	10,000	16,000
   Intangibles	4,000	4,000
   Total Assets	41,000	311,927
   Accounts Payable	7,000	7,070
   Salary Payable	8,000	8,080
   Notes Payable	4,000	4,000
   Total Current Liabilities	19,000	19,150
   Long-Term Debt	100,000	100,000
   Total Liabilities	119,000	119,150
   Common Stock	100,000	100,000
   Retained Earnings	-178,000	92,777
   total equity	78,000	192,777

   	2018
   Sales	943,000
   COGS	584,660
   Gross Profit	358,340
   SG&A	28,000
   Other Operating Expenses	13,000
   Depreciation	1,000
   Interest	4,953
   Taxes	4,686
   Net Income	307,701
   dividends	36,924

   Calculate Operating Cash Flow (OCF) given a tax rate of 1.50%:

   		a. $312,594.90
   		b. $311,609.90
   		c. $306,594.90
   		d. $340,174.90