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. Under the new tax law, the equipment is eligible for 100% bonus depreciation, so it will be fully depreciated at t= o. Revenues and operating costs are expected to be constant over the project's 3-year life. What is the project's Year 1 cash flow? Equipment cost (depreciable basis) $100,000 Sales revenues, each year $56,900 Operating costs $25,500 Tax rate 25.0% Oa. $17,175 Ob. $23,550 c. $31,883 Od. $31,400 e. $25,120