Question 5 4 pts Enterprise Z considers investing in a project that requires an initial investment at t=0 of 70,000. The project delivers real cash flows before tax of 64,000 and 68,000 at the end of year 1 and 2 respectively. The nominal discount rate equals 12.2%. The corporate tax rate equals 20%. For the next two years a constant inflation rate is expected of 2.5% per year. The investment of 70,000 is depreciated linearly (on a straight-line basis) to zero. Question: Calculate the cash flow after tax in nominal terms at t=1. Round your answer to whole euros (ie. O decimals). Do NOT include the euro sign in your