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. The project's up-front cost at t=0 is $75,000. The project has a 5 year duration. Under the new tax law, the equipment used in the project is eligible for 100% bonus depreciation, so it will be fully depreciated at t = 0. What is the Year 1 cash flow? (Hint: use the free cash flow FCF formula, as used in our Chapter 12 Excel model and similar to problem 12-2)

Sales revenues, each year $45,500

Other operating costs $17,000

Interest expense $4,000

Tax rate 25.0%

Please help me

Thank You!