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You are considering opening a new restaurant in the Texas Burgers chain. The new restaurant will have annual revenue of $$360,000$ and operating expenses of $$180,000.$ The annual

depreciation and amortization for the assets used in the restaurant will equal $$60,000.$ An annual capital expenditure of $$9,500$ will be required to offset wear and tear on the assets used in the

restaurant, but no additions to working capital will be required. The marginal tax rate will be $30$ percent.

Calculate the incremental annual after$-$tax free cash flow for the project.

Incremental annual after$-$tax free cash flow $,$$$|$