ABC. is considering a new five-year expansion project that requires an initial fixed asset investment of $7 million. The fixed asset will be depreciated straight-line to zero over the project's life, after which time it will be worthless. No bonus depreciation will be taken. The project is estimated to generate $4,389,000 in annual sales, with costs of $1,731,200. The tax rate is 24 percent. What is the annual operating cash flow for this project? A $1,927,670 52,836,000 $2,848,315 D 52,053,528 52,312,200