xyz inc. is considering a new project requiring a $240,000 initial investment in equipment having a useful life of 3 years with zero expected salvage value. The investment will produce $190,000 in annual revenues and $150,000 in annual costs. Assume a tax rate of 30% and straight-line depreciation. What is the operating cash flow per year?

		$96,000
		$86,000
		$84,000
		$52,000
		$16,000