Rock Haven has a proposed project that will generate sales of 1,920 units annually at a selling price of $36 each. The fixed costs are $19,900 and the variable costs per unit are $11.55. The project requires $36,400 of fixed assets that will be depreciated on a straight-line basis to a zero book value over the 4-year life of the project. The salvage value of the fixed assets is $9,700 and the tax rate is 21 percent. What is the operating cash flow?

Multiple Choice

$12,586

$14,458

$24,234

$30,786

$23,276