Answer:
e. $1,260,000
Step-by-step explanation:
The project's operating cash flow is calculated below;
Projected sales $3,000,000
Less: operating cost ($1,200,000)
Less: depreciation ($450,000)
Operating income before taxes
$1,350,000
Less: 40% taxes ($540,000)
Operating income after taxes.
$810,000
Add: back depreciation $450,000
Operating cash flow $1,260,000