Jefferson & Sons is evaluating a project that will have annual sales of $70,000 and annual operating costs by $40,000 in Year 1 of the project. In Year O, the project will require an investment of $150,000 in new fixed assets. The new fixed assets will be depreciated straight-line to a zero book value over the 10 year life of the project. The applicable tax rate is 34 percent. What is the operating cash flow in Year 1 of this project? (*Hint: the first depreciation expense occurs in Year 1, while the last depreciation expense occurs in the last year of the project). Multiple Choice O $24.900 $9.900 O O $15,000 O $19,800 O O $20,100