Question: A cost-cutting project will decrease costs by $64,700 a year. The annual depreciation will be $14,700 and the tax rate is 34 percent. What is

A cost-cutting project will decrease costs by $64,700 a year. The annual depreciation will be $14,700 and the tax rate is 34 percent. What is the operating cash flow for this project?

A.$47,700

B. $42,702

C.$37,702

D.$26,996

E.$17,000

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