stion 15 11 points Save Ans Your new employer, Freeman Software, is considering a new project whose data are shown below. The equipment that would be used has a 3-year tax life, and the allowed depreciation rates for such property are 33% 45%, 15%, and 7% for Years 1 through 4. Revenues and other operating costs are expected to be constant over the project's 10 year expected life. What is the Year 1 cash flow? $85.000 Equipment cou (depreciable basis) Sales revenues, each year Operating costs (excl. deprec) $70,000 $20,000 Tax rate 40.0%