ABC Company has a proposed project that will generate sales of 470 units annually at a selling price of $281 each. The fixed costs are $7,745 and the variable costs per unit are $110. The project requires $21,229 of equipment that will be depreciated on a straight-line basis to a zero book value over the 11-year life of the project. That is, depreciation each year is $21,229/11. The tax rate is 33 percent. What is the operating cash flow?