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 worthless. 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 1 cash flow? Do not round the intermediate calculations and round the final answer to the nearest whole number

Equipment cost (depreciable basis) $100,000

4 Sales revenues, each year $60,000

$25,000 Operating cost

Tax rate 25.0%

options

$28,222,

$33,040

$26,250

$32,008

O $29.598