ABC Company is considering a new project whose data are shown below The required equipment is depreciated using the MACRS 5 year property class Revenues and other operating costs are expected to be constant over the project's 5-year life. What is the project's Year 1 cash flow? Equipment cost (depreciable basis) $80 000 Sales revenues, each year 566,000 Operating costs (excl. deprec) $28,000 Tax rate 30.0% Year MACRS Depreciation Rate 1 0.20 2 0.32 3 0.19 4 0.12 0.11 0.06 con