What is the cash flow from the project in year 1

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The Wet Corp. has an investment project that will reduce expenses by $30,000 per year for 3 years. The project's cost is $30,000. If the asset is part of the 3-year MACRS category (33.33% first year depreciation) and the company's combined tax rate is 26%, what is the cash flow from the project in year 1?

Reference no: EM133115829

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