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Your company is considering a 5-year project. Sales are estimated to be $495,000 each year with annual costs of $335,000. Fixed assets for the project

Your company is considering a 5-year project. Sales are estimated to be $495,000 each year with annual costs of $335,000. Fixed assets for the project will be $595,000, which will be depreciated on a 5-year MACRS schedule. The MACRs percentages are 20.00%, 32.00%, 19.20%, 11.52%, 11.52%, and 5.76% for years 1 - 6. The company has a tax rate of 35 percent. What is the operating cash flow for Year 3?

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