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Y Inc. has a $500,000 in an investment paying 8% taxable interest. Each year Y incurs a nondeductible cash, expense of $3,000 related to the

Y Inc. has a $500,000 in an investment paying 8% taxable interest. Each year Y incurs a nondeductible cash, expense of $3,000 related to the investment. Y's marginal tax rate is 35%. What is Y's annual after-tax cash flow?

Group of answer choices

$26,000

$37,000

$24,050

$23,000

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