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 deprecated at t-0. Revenues and operating costs are expected to be constant over the project's year life. What is the project's Year 1 cash flow? Equipment cost (depreciable basis) $100,000 Sales revenues, each year 163,100 Operating costs $28,800 The rate 25.0% Ca. $34,300 b. $34,058 Oc. $18,525 Od. 525,725 Oe. $ 27,440