The Wet Corp. has an investment project that will reduce expenses by $20,000 per year for 3 years. The project's cost is $30,000. If the asset is part of the 3-year MACRS category (33.33% first year depreciation) and the company's tax rate is 29%, what is the cash flow from the project in year 1?

$16,550

$17,100

$17,880

$18,560

Answer rating: 100% (QA)

Cost of Project 30000 Depreciation Year 1 ... View the full answer