You are considering opening another restaurant in the TexasBurgers chain. The new restaurant will have annual revenue of $335,400 and operating expenses of $167,700. The annual depreciation and amortization for the assets used in the restaurant will equal $55,900. An annual capital expenditure of $11,000 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