Kurt's Kabinets Is Looking at a 4-Year Project That Will

Kurt's Kabinets is looking at a 4-year project that will require $76,000 in fixed assets and another $20,000 in net working capital.Annual sales are projected at $142,800 with costs of $79,600.The company uses straight-line depreciation to a zero book value over the life of the project.The tax rate is 35 percent.What is the annual operating cash flow for this project?

A) $42,240
B) $60,440
C) $40,440
D) $47,730
E) $67,730