Marsha Mellow is preparing for a meeting to share financial plans for the upcoming year. She projects that her company will generate annual revenues of $127,300 and have variable costs of $78,400, fixed costs of $18,900, and depreciation of $4,450. In addition, she expects her company will buy $50,000 of new equipment and increase net working capital (primarily inventory) by $18,600. If her tax rate is 35 percent and she requires a 17.5% rate of return, what will next year's operating cash flow be?