Lincoln Brothers is evaluating a project that will increase annual sales by $258,000 and annual costs by $109,000. The project will initially require acquisition of a $120,000machine that will be depreciated straight-line to a zero book value over the 4-year life of the project. Lincoln Brothers' combined federal, state and local tax rate is 45 percent. What is the operating cash flow for this project?

$38,720

$65,450

$95,450

$107,920

$149,000