Jefferson & Sons is evaluating a project that will generate annual sales of $198,600 and annual operating costs of $94,500. The project will initially require $187,000 in fixed assets that will be depreciated straight-line to a zero book value over the four-year life of the project. The applicable tax rate is 22 percent. What is the operating cash flow for this project?

A) $86,480

B) $46,620

C) $91,483

D) $97,851

E) $89,920