13. Whitestone Products is considering a new project whose data are shown below. The required equipment has a 4-year tax life, and the straight-line method is used for Years 1 through 4. Revenues and other operating costs are expected to be constant over the project's 10-year expected operating life. What is the project's Year 5 cash flow? Equipment cost (depreciable basis) $70,000 Sales revenues, each year $42,500 Operating costs (excl. deprec.) $25,000 Tax rate 35.0%

a. $17,500 b. $15,003.45 c. $13,190 d. $11,375.00 e. $13,850