Question: Bennett Co. has a potential new project that is expected to generate annual revenues of $249,200, with costs of $195,100. To finance the new project,

Bennett Co. has a potential new project that is expected to generate annual revenues of $249,200, with costs of $195,100. To finance the new project, the company will need to issue new debt that will have an annual interest expense of $16,900. The annual depreciation is $22,300 and the tax rate is 21 percent. An initial cash outlay of $12,800 is required for net working capital. What is the annual operating cash flow?

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