Jefferson & Sons is evaluating a project that will increase annual sales by $70,000 and annual costs by $35,000. The project will initially require $145,000 in fixed assets that will be depreciated straight-line to a zero book value over the 10 year life of the project. The applicable tax rate is 34 percent. What is the operating cash flow for this project? $23,100 $21,470 $28,030 $20,500 $13,530