Your New Employer, Freeman Software, Is Considering a New Project

Your new employer, Freeman Software, is considering a new project whose data are shown below.The equipment that would be used has a 3-year tax life, and the allowed depreciation rates for such property are 33.33%, 44.45%, 14.81%, and 7.41% for Years 1 through 4.Revenues and other operating costs are expected to be constant over the project's 10-year expected life.What is the Year 1 cash flow?

A) $30, 333
B) $31, 849
C) $33, 442
D) $35, 114
E) $36, 869