Your company, Q4 Inc., is considering a new project whose data are shown below. The required equipment has a 3-year tax life, and the MACRS rates for such property are 33%, 45%, 15%, and 7% for Years 1 through 4. Revenues and other operating costs are expected to be constant over the project's 10-year operating life. What is the project's operating cash flow during Year 4?

Equipment cost: (depreciable basis) - $70,000

Sales Revenues, each year - $50,000

Operating Costs excl. depr'n - $25,000

tax rate - 35.0%