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TB $13-63($Appendix $13$A and $13$B$)$ A company anticipates...

$($Appendix $13$A and $13$B$)$ A company anticipates a taxable cash receipt of $$50,000$ in year $3$ of a project. The company's tax rate is $30\%,$ and its discount rate is $14\%.$ What is the approximate present value of this future cash flow? Do not round your intermediate calculations and round the final answer to the nearest whole dollar.$)$

Multiple Choice

$$10,125.$

$$15,000.$

$$23,624.$

$$35,000.$