Question: A 5 - year project is expected to generate revenues of $ 9 2 , 0 0 0 , variable costs of $ 6 7

A 5-year project is expected to generate revenues of $92,000, variable costs of $67,000 and fixed costs of $11,000. The annual depreciation is $4,000 and the tax rate is 35%. What is the annual operating cash flow?

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