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King Nothing is evaluating a new 6-year project that will have annual sales of $292,000 and costs of $196,000. The project will require fixed assets

King Nothing is evaluating a new 6-year project that will have annual sales of $292,000 and costs of $196,000. The project will require fixed assets of $105,000, which will be depreciated on a 5-year MACRS schedule. The annual depreciation percentages are 20.00 percent, 32.00 percent, 19.20 percent, 11.52 percent, 11.52 percent, and 5.76 percent, respectively. The company has a tax rate of 9 percent. What is the operating cash flow for Year 3? Multiple Choice $11,107 $0 $2,450 $11,031 $11,550

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