1. I got the answer for this one just not sure if it is right. A 9 year pro

1. I got the answer for this one just not sure if it is right.

A 9 year project is expexted to generate annual revenues of 114500 variable costs of 73600 and fixed costs of 14000. The annual depreciation is 3500 and the
tax rate is 34%. What is the annual operating cash flow ?

2. This one I am not too sure about I would only grant all points if it is explained in detail.

A project has an annual operating cash flow of 43700. Initially this 4 year project required 3800 in net working capital which is recoverable when the
project ends. The firm also spent 21500 on equipment to start the project. This equipment will have a book value of 4300 at the end of year 4. What is the
cashflow for year 4 of the project if the equipment can be sold for 5400 and the tax rate is 34%