Project X is a new type of audiophile-grade stereo amplifier. We think we can sell 500 units per year at a price of $10,000 each. Variable costs per amplifier run about $5,000 per unit, and the product should have a four-year life. Fixed costs for the project run $610,000 per year. Further, we need to invest $1,100,000 in manufacturing equipment. Depreciation will be a straight line with $600,000 salvage. We would have to invest $900,000 in working capital at the start. After that, net working capital requirements would be 30 percent of sales. All working capital will be reclaimed at the end of the project. Assuming a 20 percent required return. Use a 40 percent tax rate throughout. 52. The operating cash flow per year for Project X is closest to? Select one: O a. 2.500 million O b. 1.765 million O c. 1.059 million O d. 1.184 million