Fitzgerald Computers is considering a new project whose data are shown below. The required equipment has a 4-year tax life, after which it will be worthless, and it will be depreciated by the straight-line method over 4 years. Revenues and other operating costs are expected to be constant over the project's 4-year life. What is the project's Year 1 cash flow? Equipment cost (depreciable basis) $65,000 Straight-line depreciation rate 25.00% Sales revenues, each year $60,000 Operating costs (excl. deprec.) $25,000 Tax rate 40.0% a. $30,333 b. $22,750 c. $28,438 d. $21,000 e. $27,500