Question: Fool Proof Software is considering a new project whose data are shown below. The equipment that will be used as a 3-year class life, and

Fool Proof Software is considering a new project whose data are shown below. The equipment that will be used as a 3-year class life, and will be depreciated by the MACRS depreciation system. Revenues and cash operating costs are expected to be constant over the project's 10-year life. What is the year 1 after-tax net operating cash flow?

Equipment cost(depreciable basis)= $75,000

Sales revenues each year= $70,000

Cash operating costs= $25,000

Tax rate= 35.0%

Please show all work

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