XYZ has a projected project to install a new press. The expected cash revenue is $175,000 per year. Expected yearly expenses are:

XYZ has a projected project to install a new press. The expected cash revenue is $175,000 per year. Expected yearly expenses are: Operating Costs of $50,000; Rent of $17,000; Utilities of $20,500; and Depreciation of $10,000. The tax rate is 35%.

What is the expected After-Tax Cash Flow from Operations [OCF] for the first year?