Whitestone Products is considering a new project whose data are shown below. The required equipment has a 3-year tax life, and the accelerated rates for such property are 33.33%, 44.45%, 14.81%, and 7.41% for Years 1 through 4. Revenues and other operating costs are expected to be constant over the project's 10-year expected operating life. What is the project's Year 1 cash flow? Equipment cost (depreciable basis) $67,620 Sales revenues, each year $58,787 Operating costs (excl. deprec.) $21,912 Tax rate 35.0%