Clemson Software is considering a new project whose data are shown below. The required equipment has a 3-year tax life, after which it will be sold for $11,153. Under the new tax law, the equipment is eligible for 100% bonus depreciation, so it will be fully depreciated at t = 0. Revenues and operating costs are expected to be constant over the project's 3-year life. What is the project's Year 3 cash flow? Do not round the intermediate calculations and round the final answer to the nearest whole number.

Equipment cost (depreciable basis)	$100,000
Sales revenues, each year	$60,000
Operating costs (excl. depr.)	$25,000
Tax rate	25.0%

Group of answer choices

$34,615

$37,324

$33,411

$26,250

$23,779