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The Wet Corp. has an investment project that will reduce expenses by $30,000 per year for...

The Wet Corp. has an investment project that will reduce expenses by $30,000 per year for 3 years. The project's cost is $35,000. If the asset is part of the 3-year MACRS category (33.33% first year depreciation) and the company's tax rate is 33%, what is the cash flow from the project in year 1? (Do not round intermediate calculations. Round your answer to the nearest dollar amount.) $23,950 $23,400 $24,730 $25,410

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jeff jeffy answered 7 months ago
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