ABC, Inc. is considering a new project requiring a $150,000 initial investment in equipment having a useful life of 3 years with zero expected salvage value. The investment will produce $100,000 in annual revenues and $60,000 in annual costs. Assume a tax rate of 30% and straight-line depreciation. What is the operating cash flow per year?
$25,000
$33,000
$43,000
$55,000
$78,000