D. $32,000 7 20. The Wet Corp. has an investment project that will reduce expenses by $15,000 per year for 3 years. The project's cost is $20,000, with a 20% CCA rate. Using a 40% tax rate, calculate the net operating cash flow at the end of year 1? A. $-15,000 B. $+11,000 C. $+9,000 D. $+9,800 d therefore, the firm's Weighted Average Cost of Capital) 22. An asset just purchased, qualifies for a 20% CCA rate and qualifies for a 5% ITC. If the asset cost $60,000 what is the amortization base (UCC) in the second year before CCA is taken? A. $54,000 B. $51,000 C. $56,000 D. $48,000