fitzgerald computers is considering a new project whose data are shown below. the required equipment has a 3 year tax life l, after which it will be worthless, and it will be depreciated bu the straight lone method over 3 years. revenues and other operating costs are expected to be constant over the projects 3 year life. what is the projects year 1 cash flow?

equip cost 65000

straight line depreciation rate 33.333%

sales revenue, each year 60000

operating costs 25000

tax rate 25%