Kenora Industries is analyzing a new project. They have gathered the following data:

	Worst Case	Base Case	Best Case
Sales quantity	8,500	9,000	9,500
Sales price per unit	$9.25	$9.75	$10.25
Variable cost per unit	$4.90	$5.10	$5.50
Fixed cost	$14,000.00	$17,000.00	$20,000.00

Initial requirement for equipment: $140,000 Depreciation: Straight-line to zero over the four-year life of the project with no salvage value. Required rate of return: 15% Marginal tax rate: 35% What is the operating cash flow under the base-case scenario?

Please show all calculations, thank you.