A company is evaluating a new project. This project is expected to generate new sales in the amount of $1,250,000 per year. Variable costs are estimated at 60% of sales, annual depreciation on the equipment is $150,000, and fixed costs are $250,000 per year. If the tax rate is 28%, what is the annual operating cash flow of the project? $278,000 $222.000 $72.000 $250.000