Nakama Corporation is considering investing in a project that would have a 4 year expected useful life. The company would need to invest $184,000 in equipment that will have zero salvage value at the end of the project. Annual incremental sales would be $560,000 and annual cash operating expenses would be $285,000. In year 3 the company would have to incur one-time renovation expenses of $104,000. 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: Multiple Choice 0 0 $65,700 0 $25.300 0