The tax rate is 35 and the required rate of return is 15


XYZ Corp. is considering a new project. The project will require $324517 for new fixed assets, $145183 for additional inventory and $44552 for additional accounts receivable. Short-term debt is expected to increase by $96963 and long-term debt is expected to increase by $302719. The project has a 5-year life. The fixed assets will be depreciated straight-line to a zero book value over the life of the project. At the end of the project, the fixed assets can be sold for 25% of their original cost. The net working capital returns to its original level at the end of the project. The project is expected to generate annual sales of $561147 and costs of $403549. The tax rate is 35% and the required rate of return is 15%. What is the amount of the operating cash flow for the first year of this project? (Round answer to 0 decimal places, do not round intermediate calculations)

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Financial Management: The tax rate is 35 and the required rate of return is 15
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