Miglietti Restaurants is looking at a project with the following forecasted sales: first-year sales quantity of 31,000with an annual growth rate of 2.00%over the next ten years. The sales price per unit will start at $45 and will grow at 3.00%per year. The production costs are expected to be 60% of the current year's sales price. The manufacturing equipment to aid this project will have a total cost (including installation) of $2,400,000.It will be depreciated using MACRS,

and has a seven-year MACRS life classification. Fixed costs will be $320,000 per year. Miglietti Restaurants has a tax rate of 30%. What is the operating cash flow for this project over these ten years? (find the operating cash flows for year 1, 2, 3, and so on all the way up to year 10)

MACRS Fixed Annual Expense Percentages by Recovery Class Year 3 Year 5 Year Year 10 Year 14.29% 33.33% 20.00% 10.00% 2 44.45% 32.00% 24.49% 18.00% 3 1481% 19.20% 17.49% 14.40% 7.41% 11.52% 12.49% 5 11.52% 8.93% 9.22% 576 893% 4.45% 10 655% 3.2800%