Question 23 (1 point) Fool Proof Software is considering a new project whose data are shown below. The equipment that would be used has 13-year tax life, and the allowed depreciation rates for such property are 33,0%, 45.0%, 15.0%, and 7.0% for Years 1 through 4. Revenues and other operating costs are expected to be constant over the project's 10-year expected life. What is the Year I cash flow? Equipment cost (depreciable basis) 598,000 Sales revenues, cach year $60,000 Operating costs (excl. dopr.) $25,000 Tax rate 35.0% $32,025 $26,233 $38,157 $34,069 $27,596