The Wet Corporation has an investment project that will reduce expenses by $20,000 per year for 3 years. The project's cost is $20,000. If the asset is part of the 3- year MACRS category (33.33% first year depreciation) and the company's combined tax rate is 34%, what is the cash flow from the project in year 1? Note: Do not round intermediate calculations. Round your answer to the nearest dollar amount. Multiple Choice $16,246 $15,466 $14,916 $16,926