Kathys Kabinets is looking at a project that will require $120,000 in fixed assets and another $20,000 in net working capital. The project is expected to produce sales of $154,000 with associated costs of $91,000. The project has a 4-year life. The company uses straight-line depreciation to a zero book value over the life of the project. The tax rate is 35%. What is the operating cash flow for this project?

a. $51,450

b. $68,640

c. $44,300

d. $43,600

e. $55,820