Incremental cash flows from a proposed project will decrease costs by $25,000 a year and create an annual depreciation charge of $6,800. Given a tax rate of 34% and a risk-adjusted required rate of return of 8%, what is the amount of the change in the firm's annual incremental cash flows?

Group of answer choices

$18,200

$18,812

$22,688

$43,200

$17,286