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The Wet Corporation has an investment project that will reduce expenses by $ 2 0 , 0 0 0 per yeak for 3 years. The

The Wet Corporation has an investment project that will reduce expenses by $20,000 per yeak for 3 years. The project's cost is $35,000. If the asset is part of the 3-year MACRS category (33.33% first year depreciation) and the company's combined tax rate is 27%, what is the cash flow from the project in year 1?
Note: Do not round intermediate calcilations. Round your answer to the nearest dollar amount.
Multiple Choice
$19,210
$18,530
$17,750
$17,200
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