NPV.Mathews Mining Company is looking at a project that has the following forecasted sales: first-year sales are 6,200 units, and sales will grow at 15% over the next four years (a five-year project). The price of the product will start at $123.00 per unit and will increase each year at 55%. The production costs are expected to be 65% of the current year's sales price. The manufacturing equipment to aid this project will have a total cost (including installation) of $1,400,000. It will be depreciated using MACRS, LOADING... , and has a seven-year MACRS life classification. Fixed costs will be $60,000 per year. Mathews Mining has a tax rate of 35%. What is the operating cash flow for this project over these five years? Find the NPV of the project for Mathews Mining if the manufacturing equipment can be sold for $85,000 at the end of the five-year project and the cost of capital for this project is 14%.

What is the operating cash flow for this project in year 1?