The firm is considering a new project which is expected to generate annual sales of $800,000 with costs of 700,000 annually, annual depreciation of $50,000, and net working capital of $40,000. The tax rate is 21%. The project incurs no additional interest expense. What is the amount of the annual operating cash flow for this project?

A) $129,500

B) $89,500

C) $57,900

D) $55,800

E) $39,500