You work for Whittenerg Inc., which is considering a new project whose data are shown below.
Sales revenues, each year $62,750
Depreciation $8,000
Other operating costs $25,000
Interest expense $8,000
Tax rate 35.0%
What is the project's Year 1 cash flow?
a) $26,122
b) $24,573
c) $27,229
d) $22,138
e) $21,473