3 What is the expected operating cash flow for year 2 of a project given the following information. To undertake the project, $301,000 must be spent on new equipment. The equipment has an expected life of 9 years and will be depreciated straight-line over that same period to a book value of 0. New annual sales of $186,000 are expected (expected sales are the same each year). Cost of goods sold are projected to be 44% of sales. Fixed cash operatin expenses are $61,000 per year. Tax rate is 25%. In the event EBIT is negative, the firm would have a tax credit bas the 25% tax rate. a. 51728.51 b. 47248.09 O c. 45211.53 d. 40731.11 e. 40396.67 O f. 49284.64