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Part $1$

Operating cash flow$($growing each$$ year; MACRS$).$Mathews Mining Company is looking at a project that has the following forecasted$$ sales: $$ first$-$year sales are $6800$units$,$ and sales will grow at $10\%$ over the next four years$($a five$-$year$$ project$).$ The price of the product will start at $$$$123$ per unit and will increase each year at $7\%.$ The production costs are expected to be $62\%$ of the current$$ year's sales price. The manufacturing equipment to aid this project will have a total cost$($including installation$)$ of $$$$1,300000.$ It will be depreciated using$$ MACRS, and has a$$ seven$-$year MACRS life classification. Fixed costs will be $$50000$ per year. Mathews Mining has a tax rate of $30\%.$ What is the operating cash flow for this project over these five$$ years?