You are analyzing a project and have developed the following estimates. The depreciation is $13,600 a year and the tax rate is 34 percent. What is the base-case operating cash flow?

Base Case Lower Bound Upper Bound

Unit Sales: 2,100 1,850 2,350

Sales Price Per Unit: $55 $53 $57

Variable Cost Per Unit: $37 $36 $38

Fixed Costs: $14,800 $13,800 $15,800

Anser Choices: $19,804

$11,433

$8,770

$6,204

$20,410