Bennett Company has a potential new project that is expected to generate annual revenues of $258,500, with variable costs of $142,400, and fixed costs of $60,100. To finance the new project, the company will need to issue new debt that will have an annual interest expense of $22,500. The annual depreciation is $24,400 and the tax rate is 21 percent. What is the annual operating cash flow?
Multiple Choice
$43,260
$125,860
$49,364
$176,216
$80,400