Scenario: Furniture Manufacturers are considering a new capital budgeting project. They expect the project to generate annual sales of $7,890,500 and annual costs of $4,350,900. They expect their annual depreciation expense resulting from the project to be $975,600, and their tax rate is 25%.

What is their expected annual operating cash flow?

Group of answer choices

$2,898,600

$4,487,000

$3,539,600

$2,564,000