What is the expected operating cash flow for year 2 of a project given the following information. To undertake the project, $367,000 must be spent on new equipment. The equipment has an expected life of 8 years and will be depreciated straight-line over that same period to a book value of 0. New annual sales of $204,000 are expected (expected sales are the same each year). Cost of goods sold are projected to be 43% of sales. Fixed cash operating expenses are $60,000 per year. Tax rate is 32%. In the event EBIT is negative, the firm would have a tax credit based on the 32% tax rate a. 58245.44 b. 5249165 C. 43419.33 d. 52950.40 e. 66717.50 1.64069.98