The Tate Manufacturing Company has $160 million in sales revenue with $90 million in cost of goods sold. It has selling and administrative expenses of $10, pays annual taxes in the amount of $10 and has depreciation and other non-cash expenses of $30 million. What are Tate's annual projected cash flows if the firm expects to grow dividends by 3 percent per year? $80 million O $70 million $73.4 million $52.6million