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The Wet Corporation has an investment project that will reduce expenses by $ 2 5 , 0 0 0 per year for 3 years. The

The Wet Corporation has an investment project that will reduce expenses by $25,000 per year for 3 years. The project's cost is $15,000. If the asset is part of the 3-year MACRS category (33.33% first year depreciation) and the company's combined tax rate is 28%, 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
$20,860
$20,180
$18,850
$19,400

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