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Clemson Software Is Considering a New Project Whose Data Are

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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? Do not round the intermediate calculations and round the final answer to the nearest whole number.  Equipment cost (depreciable basis)  $97,000 Straight-line depreciation rate 33.333% Sales revenues, each year $60,000 Operating costs (excl. depr.)  $25,000 Tax rate 35.0%\begin{array} { l r } \text { Equipment cost (depreciable basis) } & \$ 97,000 \\\text { Straight-line depreciation rate } & 33.333 \% \\\text { Sales revenues, each year } & \$ 60,000 \\\text { Operating costs (excl. depr.) } & \$ 25,000 \\\text { Tax rate } & 35.0 \%\end{array}
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Definitions:

Science

The systematic study of the structure and behavior of the physical and natural world through observation and experiment.

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The obligation of organizations to act in ways that benefit society at large, beyond their own financial interests and legal requirements.

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