Fool Proof Software is considering a new project whose data are shown below. The equipment that would be used has a 3-year tax life and will be using MACRS Three Year for the depreciation. Revenues and other operating costs are expected to be constant over the project's 10-year expected life. What is the Year 1 operating cash flow? Equipment cost (depreciable basis) Sales revenues, each year Operating costs (excl. deprec.) Tax rate $65.000 $60,000 $25.000 35.0%

Fool Proof Software is considering a new project whose data are shown below. The equipment that would be used has a 3-year tax life and will be using MACRS Three Year for the depreciation. Revenues and other operating costs are expected to be constant over the project's 10-year expected life. What is the Year 1 operating cash flow? $31.770 $48.523 $28,595 $30,333 $29.427