Question: Bennett Company has a potential new project that is expected to generate annual revenues of $246,800, with variable costs of $137,200, and fixed costs of

Bennett Company has a potential new project that is expected to generate annual revenues of $246,800, with variable costs of $137,200, and fixed costs of $56,200. To finance the new project, the company will need to issue new debt that will have an annual interest expense of $16,000. The annual depreciation is $21,800 and the tax rate is 21 percent. What is the annual operating cash flow?

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