The BMI Corporation is analyzing the proposed purchase of a new machine for $75.000. The proposed machine has an estimate four years but will be treated as three-year MACRS property for depreciation purposes. The machine will increase the firm's cap expected to contribute $35,000 annually to earnings before depreciation and taxes. The firm is in a 32% tax bracket and estimate capital to be 16%. Calculate the first year's cash now from this investment. (MACRS tables are above.) 1) $35.000 2) $ 30.530 3) $ 31.792 4) $ 9, 695