As a member of UA Corporation's financial staff, you must estimate the Year 1 cash flow for a proposed project with the following data. What is the Year 1 cash flow? Do not round the intermediate calculations and round the final answer to the nearest whole number.

Sales revenues, each year	$40,000
Depreciation	$10,000
Other operating costs	$17,000
Interest expense	$4,000
Tax rate	35.0%

Group of answer choices

$17,897

$14,207

$16,236

$19,188

$18,450