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

Fool Proof Software is considering a new project whose data are shown below.The equipment that will be used has 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?Enter your answer rounded to two decimal places.Do not enter $ or comma in the answer box.For example, if your answer is $12,300.456 then enter as 12300.46 in the answer box.

Equipment cost (depreciable basis)

$85,000

Sales revenues, each year

$80,000

Cash operating costs

$29,000

Tax rate

25.0%

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