Laurels Lawn Care, Ltd., has a new mower line that can generate revenues of $165,000 per year. Direct production costs are $77,500 a year. The factory originally cost $1.1 million and 1/20^th of this cost is depreciated every year for the next 20 years. Calculate the operating cash flows of the project this year if the firms tax bracket is 35%.

Please show calculations by hand.