You are considering opening a new restaurant in the Texas Burgers chain. The new restaurant will have annual revenue of $$293,40$

and operating expenses of $$146,700.$ The annual depreciation and amortization for the assets used in the restaurant will equal

$$48,900.$ An annual capital expenditure of $$11,000$ will be required to offset wear and tear on the assets used in the restaurant, bu

additions to working capital will be required. The marginal tax rate will be $30$ percent.

Calculate the incremental annual after$-$tax free cash flow for the project.