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The Wet Corp. has an investment project that will reduce expenses by $20,000 per year for 3 years. The project's cost is $25,000. If the
The Wet Corp. has an investment project that will reduce expenses by $20,000 per year for 3 years. The project's cost is $25,000. If the asset is part of the 3 -year MACRS category (33.33\% first year depreciation) and the company's tax rate is 36%, what is the cash flow from the project in year 1? (Do not round intermediate calculations. Round your answer to the nearest dollar amount.) Multiple Choice $15,250 $17,260 $15,800 $16,580
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