A company is considering a new project whose data are shown below. The required equipment has a 3-year tax life, and the accelerated rates for such property are 33%, 45%, 15%, and 7% for Years 1 through 4. Revenues and other operating costs are expected to be constant over the project's 10-year expected operating life. What is the project's Year 4 cash flow?

Equipment cost (depreciable basis)	$70,000
Sales revenues, each year	$52,000
Operating costs (excl. depr.)	$25,000
Tax rate	35.0%

Group of answer choices

$19,265

$17,531

$15,797

$19,072

$20,999