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, and it will be depreciated by the straight$-$line method over $3$ years. Revenues and other 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$)=$ $$75,000$

Sales revenues, each year$=$ $$80,000$

Operating costs $($excl$.$ deprec.$)=$ $$30,000$; Tax rate $=35\%$

A$.$ $$41,250$ B$.$ $$37,730$ C$.$ $$48,570$ D$.$ $$39,300$ E$.$ $$38,350$