Operating cash flows. Grady Precision Measurement Tools has a forecasted the following sales and costs for a new GPS system: annual sales of 40,000 units at $25 a unit, production cost at 35% of sales price, annual fixed costs for production at $140,000, and straight-line depreciation expense of $205,000 per year. The company tax rate is 38%. What is the annual operating cash flow of the new GPS system?

(Round to the nearest dollar)