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The Wet Corporation has an investment project that will reduce expenses by $30,000 per year for 3 years. The project's cost is $30,000. If the

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The Wet Corporation has an investment project that will reduce expenses by $30,000 per year for 3 years. The project's cost is $30,000. If the asset is part of the 3-year MACRS category (33.33\% first year depreciation) and the company's combined tax rate is 38%, 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 $21850 $23,180 $22,400 $23,860

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