Clemson Software is considering a new project whose data are shown below. The required equipment has...

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Clemson Software is considering a new project whose data areshown below. The required equipment has a 3-year tax life, afterwhich it will be worthless, and it will be depreciated by thestraight-line method over 3 years. Revenues and other operatingcosts are expected to be constant over the project's 3-year life.What is the project's Year 1 cash flow? Do not round theintermediate calculations and round the final answer to the nearestwhole number. Equipment cost (depreciable basis) $100,000Straight-line depreciation rate 33.333% Sales revenues, each year$60,000 Operating costs (excl. depr.) $25,000 Tax rate 35.0% a.$29,943 b. $32,008 c. $34,417 d. $42,333 e. $37,858

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Clemson Software is considering a new project whose data areshown below. The required equipment has a 3-year tax life, afterwhich it will be worthless, and it will be depreciated by thestraight-line method over 3 years. Revenues and other operatingcosts are expected to be constant over the project's 3-year life.What is the project's Year 1 cash flow? Do not round theintermediate calculations and round the final answer to the nearestwhole number. Equipment cost (depreciable basis) $100,000Straight-line depreciation rate 33.333% Sales revenues, each year$60,000 Operating costs (excl. depr.) $25,000 Tax rate 35.0% a.$29,943 b. $32,008 c. $34,417 d. $42,333 e. $37,858