In your first job with TBL Inc. your task is to consider a new project whose data are shown below. What is the project's Year 1 cash flow?

Sales revenues	$22,250
Depreciation	$8,000
Other operating costs	$12,000
Tax rate	35.0%

Question 13 options:

	$8,903
	$9,179
	$9,463
	$9,746