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King Nothing is evaluating a new 6-year project that will have annual sales of $435,000...

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Accounting

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King Nothing is evaluating a new 6-year project that will have annual sales of $435,000 and costs of $299,000. The project will require fixed assets of $535,000, which will be depreciated on a 5-year MACRS schedule. The annual depreciation percentages are 20.00 percent, 32.00 percent, 19.20 percent, 11.52 percent, 11.52 percent, and 5.76 percent, respectively. The company has a tax rate of 34 percent. What is the operating cash flow for Year 3? Multiple Choice o $157,555 o O $120,07 o $81,165 o $110,715 o $124,685

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