A project has the following projected financial data for its first year of operation.

ITEM	AMOUNT
Sales	$500,000
Cost of Goods	$200,000
Other expenses	$100,000
Depreciation	$50,000
Investment in NWC	$20,000
Investment in Gross PPE	$0
Interest Expense	$40,000

If the tax rate for the firm is 30%, what is the project cash flow for the first year based on this information?

Question 10 options:

	$75,000
	$107,000
	$135,000
	$155,000
	$205,000