A $6-$year project is expected to provide annual sales of $$181,000$ with costs of $$92,500.$ The equipment necessary

for the project will cost $$310,000$ and will be depreciated on a straight$-$line method over the life of the project. You

feel that both sales and costs are accurate to $\frac{+}{-}15$ percent. The tax rate is $21$ percent. What is the annual operating

cash flow for the worst$-$case scenario?

Multiple Choice

$$103,053$

$$31,334$

$$48,355$

$$33,708$

$$61,605$