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Calculate the annual net cash flow for Widget Company's Project A for the first year, given changes (delta) in the following values: Revenues = $75000

Calculate the annual net cash flow for Widget Company's Project A for the first year, given changes (delta) in the following values: Revenues = $75000 Operating Costs = $35000 Depreciation = $15000 Tax Rate = 40% Net working capital=10000 Proceeds for sale of old equipment = $17000 Marketing and Research Study = $20000 Cost of capital = 9%

a. $37000 b. $17000 c. $33945 d. $22000

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