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Cougar's Fashions is considering a project that will require $30,000 in net working capital and $150,000 in fixed assets. The project is expected to produce annual sales of $74,000 with associated costs of $44,000. The project has a 5-year life. The company uses straight-line depreciation to a zero book value over the life of the project. The tax rate is 22 percent. Calculate operating cash flow.

a)$27,300

b)$30,000

C)$32,700

D)$35,300

E)$38,500

F)$40,600