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MLP Financial Group is preparing a pro forma statement for next year. It estimates sales at 12,840 units with a selling price of $43 per

MLP Financial Group is preparing a pro forma statement for next year. It estimates sales at 12,840 units with a selling price of $43 per unit. Variable costs are estimated at $21 per unit. Fixed assets of $868,000 will be depreciated straight-line to zero over seven years. Annual fixed costs are $104,660 and rent payments are $11,050. The tax rate is 35%. The annual operating cash flow is ______.

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