Your company, LBNC Inc., is considering a new project whose data are shown below.The required equipment has a

3-year tax life, and the accelerated rates for such property are 33%, 45%, 15%, and 7% for Years 1 through 4.

Revenues and other operating costs are expected to be constant over the project's 10-year expected operating life.

What is the project's Year 4 cash flow?

Equipment cost (depreciablebasis)=$90,000

Sales revenues, each year=$42,500

Operating costs (excl.deprec.)=$25,000

Tax rate=35.0%

Please explain how you arrived to the solution.