14. Houston's is considering a project that will produce incremental annual sales of $361,000 and increase cash expenses by $198,000. If the project is implemented, taxes will increase from $31,000 to $47,000. The company is debt-free. What is the amount of the operating cash flow? A) $172,000 B) $147,000 C) $133,000 D) $138,000 E) $163,000 5. Which one of the following types of securities is the first to receive any payment when a corporation is liquidated in a bankruptcy proceeding? A) Junior debt B) Senior debt C) Preferred stock D) Common stock E) Subordinated debt