As assistant to the CFO of Boulder Inc., you must estimate the Year 1 cash flow for a 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

$11,900

Operating costs

$6,000

Tax rate

35.0%

a.

$4,425

b.

$7,505

c.

$6,535

d.

$8,023

e.

$5,176