The Financial Calculator Company is considering developing a new line of calculators. This new line requires installation of new calculator-making equipment that costs $1.4 million. This equipment is depreciated to zero over the five years of its life and can be salvaged for $200,000 at the end of its life. As such, the company will evaluate this new line of calculators over five years. The project also requires $96,000 in initial net working capital, and an additional working capital of $28,000 in every year thereafter. All net working capital will be recovered when the project ends. The fixed production costs are $500,000 every year and calculators cost $16 each to manufacture. The company wants to sell these new calculators at $40 each. Assume that the tax rate is 34 percent and the required return on this project is 16 percent.

(a) In order to calculate the breakeven quantity (the minimum number of calculators the company needs to sell per year in order for this project to be valuable), you need to first calculate operating cash flow (OCF), what is the value of OCF? (Round your final answer to the two digits after the decimal. )