The Wet Corporation has an investment project that will reduce expenses by $25,000 per year for three years. The project's cost is $55,000. If the asset is part of the three-year MACRS category (33\% first year depreciation) and the company's combined tax rate is 25%, what is the cash flow from the project in year 1 ? Multiple Choice $4,521 $15,100 $23,287 $16,667