You are analyzing a project and have developed the following estimates. The depreciation is $7,600 a year and the tax rate is 34 percent. What is the worst-case operating cash flow?

	Base case	Lower Bound	Upper Bound
Unit sales	3,100	2500	3400
Sales price	$19	$16	$22
Variable cost per unit	$12	$14	$10
Fixed costs	$8200	$8500	$7800

		-$1,311
		-$641
		$274
		$599
		$1,206