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The Wet Corp. has an investment project that will reduce expenses by $25,000 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 $25,000 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 combined tax rate is 39%, what is the cash flow from the project in year 1? (Do not round intermediate calculations. Round your answer to the nearest dollar amount.)
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$17,950
$19,280
$18,500
$19,960
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