Hansel's Outings is considering opening a new wilderness trail for tourists. The trail will require $120,000

in fixed assets such as emergency shelters, rest rooms, and first aid stations plus an additional $40,000 in

net working capital. The project is expected to produce tourism revenue of $140,000 annually. The annual

cash expenses are projected at $75,001. Te assets associated with the project belong in a 25 percent CCA

class. The tax rate is 34 percent. What is the operating cash flow in the first year for this project?