Question: Question 12 10 pts Same as for the question above, you plan for a new corporate project, and find that during the first year of

Question 12 10 pts Same as for the question above, you

Question 12 10 pts Same as for the question above, you plan for a new corporate project, and find that during the first year of the project's life the expectation is that revenues will total $100,000, variable costs will be 60% of revenues, fixed costs will be $30,000, and depreciation will be $10,000. Now, you believe that revenues are likely to increase at the rate of 5% per year every year, while the rest of the data remains as described before. Given a corporate tax rate of 40%, find the free cash-flow for the second year of the project. Enter your number in dollars, with no decimals

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