The following schedule reflects the incremental costs and revenues for a capital project. The company uses the straight-line depreciation. The interest expense reflects an allocation of interest on the amount of this investment, based on the company's weighted average cost of capital.

Revenues		$650,000
Direct costs	$270,000
Variable overhead	50,000
Fixed overhead	20,000
Depreciation	70,000
General & administrative	40,000
Interest expense	8,000
Total costs		458,000
Net profit before taxes		$192,000

The annual cash flow from this investment, before tax considerations, would be

Select one:

a. $200,000.

b. $270,000.

c. $192,000.

d. $262,000.