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Clemson Software is considering a new project whose data are shown below.

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Clemson Software is considering a new project whose data are shown below. The required equipment has a 3-year tax life, after which it will be worthless, and it will be depreciated by the straight-line method over 3 years. Revenues and other operating costs are expected to be constant over the project’s 3-year life. What is the project’s Year 1 cash flow? Show work.

Equipment cost (depreciable basis)                         $80,000

Straight-line depreciation rate                                33.333%

Sales revenues, each year                                         $70,000

Operating costs (excl. deprec.)                                $40,000

Tax rate                                                                          35%

a.  $29,916.66                      b. $28.666.56            c. $27,575.55            d. $28,833.24  

 

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