You are considering opening another restaurant in the Texas Burgers chain. The new restaurant will have annual revenue of $326,400 and operating expenses of $163,200. The annual depreciation and amortization for the assets used in the restaurant will equal $54,400. An annual capital expenditure of $9,500 will be required to offset wear-and-tear on the assets used in the restaurant, but no additions to working capital will be required. The marginal tax rate will be 40 percent. Calculate the incremental annual after-tax free cash flow for the project. Incremental annual after-tax free cash flow $