Maurer Corporation is considering a capital budgeting project that would involve investing $228,000 in equipment with an estimated useful life of 4 years and no salvage value at the end of the useful life. Annual incremental sales from the project would be $620,000 and the annual incremental cash operating expenses would be $482,000. A one-time renovation expense of $54,000 would be required in year 3. The company's income tax rate is 30% The company uses straight-line depreciation on all equipment. The income tax expense in year 3 is: Multiple Choice $41,400 $24,300 $16,200 $8,100

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