A project will increase the sales by $50,000 and increase cash expenses by $36,000. The project will cost $30,000 and be depreciated using straight-line depreciation to a zero book value over the 3-year life of the project. The company has a marginal tax rate of 35%. What is the cash flow of the project in year 1? $12,600 $8,400 $9,100 $17,500 $15,600