You Work for the Sing Oil Company,which Is Considering a New

Multiple Choice

You work for the Sing Oil Company,which is considering a new project whose data are shown below.What is the project's net operating cash flow for Year 1? $\begin{array}{l}\begin{array}{l}\text { Sales revenues, each } \\\text { Capital cost allowanc } \\\text { Cash operating costs } \\\text { Interest expense } \\\text { Tax rate }\end{array}\begin{array}{r}\$ 55,000 \\\$ 8,000 \\\$ 25,000 \\\$ 8,000 \\35.0 \%\end{array}\end{array}$

A) $21,185
B) $22,300
C) $24,586
D) $25,815