Your company is considering a 10-year project that will generate annual sales of $340,000 and has an annual cash cost of $180,000. The project requires one-time fixed asset investment of $1.3 million at the beginning of the project, which will be depreciated straight-line to zero at the end of the project. The fixed assets have no salvage value. What is the annual operating cash flow of the project? Tax rate is 21%.

		$23,700
		$126,400
		153,700
		$130,000
		$160,000