$1)$ Bridge Co$.$ has a potential new project that is expected to generate annual revenues of

$$264,800$ with variable costs of $$145,200,$ and fixed costs of $$62,200.$ To finance the new

project, the company will need to issue new debt that will have an annual interest expense of

$$26,000.$ This will be a four$-$year project that requires $$103,200$ as an investment in fixed

assets. The tax rate is $22\%.$ Find the annual operating cash flow.

a$.$ $$37,912$

b$.$ $$125,274$

c$.$ $$50,448$

d$.$ $$81,422$