= lpes Your local athletic center is planning a $1.25 million expansion to its current facility. This cost will be depreciated to zero on a straight-line basis over a 20-year period. The expanded area is expected to generate $524,000 in additional annual sales. Variable costs are 46 percent of sales, the annual fixed costs are $80,000, and the tax rate is 21 percent. What is the operating cash flow for the first year of this project? 166.667 219,323 118,336 122,509 173.463