You are evaluating a proposed acquisition of a new machine costing $50,000. While the machine is expected to last for 5 years, it falls into the MACRS 3-year class. Purchase of the machine would require an increase of net operating working capital of $2,000. The machine would increase the firm's revenue by $16,000 per year and its operating costs by $8,000 per year. The firm's marginal tax rate is 24 percent, and the project's cost of capital is 14 percent. What is the operating cash flow in Year 3? MACRS 3-year schedule is as follows: 33%, 45%, 15%, and 7% for years 1 to 4, respectively. $7,240 $7,490 $7,660 $7,880 $8,040 $8,340