Your corporation is considering investing in a new product line. The annual revenues for the new product line are expected to be $215266 with variable costs equal to 50% of these sales. In addition, annual fixed costs associated with this new product line are expected to be $57165.00. The old equipment currently has no market value. The new equipment cost $82696.00. The new equipment will be depreciated to zero using straight-line depreciation for the three-year life of the project. At the end of the project the equipment is expected to have a salvage value of $33,138.00. An increase in net working capital of $55713.00 is also required for the life of the project. The corporation has a beta of 0.99, a tax rate of 26.55%, and a target capital structure consisting of 57.61% equity and 42.39% debt. Treasury securities have a yield of 2.51%, and the expected return on the market is 8.46%. In addition, the company currently has outstanding bonds that have a yield to maturity of 5.87%. What are the estimated annual operating cash flows? (Calculate your answer to the nearest dollar.)