Dominic's Fancy White Claw Corporation is considering investing in a project that would have a 4 year expected useful life. The company would need to invest $172,000 in equipment that will have zero salvage value at the end of the project. Annual incremental sales would be $530,000 and annual cash operating expenses would be $280,000. In year 3 the company would have to incur one-time renovation expenses of $98,000. Working capital in the amount of $10,000 would be required. The working capital would be released for use elsewhere at the end of the project. The company uses straight-line depreciation on all equipment. The company's tax rate is 30%.The income tax expense in year 2: $32,700 O $25,900 $59,100 $62,100