XYZ operates indoor tracks. The firm is evaluating the Santa Fe project, which would involve opening a new indoor track in Santa Fe. During year 1, XYZ would have total revenue of $161,000 and total costs of

$78,000 if it pursues the Santa Fe project, and the firm would have total revenue of $152,000 and total costs of $71,700 if it does not pursue the Santa Fe project. Depreciation taken by the firm would be $77,700 if

the firm pursues the project and $37,900 if the firm does not pursue the project. The tax rate is 41.60%. What is the relevant operating cash flow (CF) for year 1 of the Santa Fe project that XYZ should use in its

NPV analysis of the Santa Fe project?

O $30,666.40 (plus or minus $1)

O $27,966.40 (plus or minus $1)

O $18.133.60 (plus or minus $1)

O $46.100.00 (plus or minus $1)

O None of the above is within $1 of the correct answer