Question: please show step by step on how to solve this problem. Thank you. 3 A company anticipates incremental net income (i.e., incremental taxable income) of

please show step by step on how to solve this problem. Thank you.

3 A company anticipates incremental net income (i.e., incremental taxable income) of $20,000 in year 3 of a project. The company's tax rate is 30% and its after-tax discount rate is 8%. Click here to view Exhibit 13B-1 to determine the appropriate discount factor(s) using table. The present value of this future cash flow is closest to Multiple Choice $6,000 $4,763 $14,000 $11,116

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