Fool Proof Software is considering a new project whose data are shown below. The equipment that would be used has a 3-year tax life. 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. Revenues and operating costs are expected to be constant over the project's 10-year expected life. What is the Year 0 cash outlay?

Equipment cost	$42,188
Sales revenues, each year	$90,000
Operating costs (excl. depr.)	$25,000
Tax rate	25.0%

Group of answer choices

$31,641

$25,804

$26,419

$48,750

$24,576