You are analyzing the purchase of new equipment. Since you are not an expert on this type of equipment, you hire a consulting firm to make recommendations. The consultant charged you $5,760 and recommended purchasing the latest model from HiFlex of America. The equipment costs $74,123, and it will cost another $8,422 to modify it for special use by your firm. The equipment will be depreciated on a straight-line basis over 7 years with no salvage value. You expect the equipment will be sold after 4 years for $29,608. Use of the equipment will require an increase in your company's net working capital of $7,691, which will be recovered at the end of year 4. The use of the equipment will have no effect on revenues, but it is expected to save the firm $50,042 per year in before-tax cash operating costs. Your company's marginal tax rate is 22%. What is the operating free cash flow in the first year of the project, to the nearest dollar?

The Answer is $41,627 but how do I get there?