The Lakers Software Inc. is considering a new project whose data are shown below. The required equipment has a 3-year tax life. The equipment is fully paid in year 0 and will be depreciated by the straight-line method over 3 years and its salvaged value will be zero at the end of its life. Revenues and other operating costs are expected to be constant over the project's 3-year life. What is the project's Year 1 cash flow? Do not round the intermediate calculations and round the final answer to the nearest whole number. Also, assume zero net operating working capital Equipment cost $64,000 Annual revenues $60,000 Total operating costs (exclude deprecation) $25,000 Tax rate 35% Question 13 options: $26,117 $30,217 $33,717 $44,467