Kellog Corporation is considering a capital budgeting project that would have a useful life of 4 years and would involve investing $196,000 in equipment that would have zero salvage value at the end of the project. Annual incremental sales would be $523,000 and annual cash operating expenses would be $345,500 The company uses straight-line depreciation on all equipment is income tax rate is 35% The income tax expense in year 2 Mutiple Choice 59.605 564 365 544,975