Fitzgerald Computers is considering a new project whose data are shown below. The required equipment has a 5-year tax life, after which it will be worthless, and it will be depreciated by the straight-line method over 5 years. Revenues and other operating costs are expected to be constant over the project's 5-year life. What is the project's Year 1 cash flow? Equipment cost (depreciable basis) Straight-line depreciation rate Sales revenues, each year Operating costs (excl. deprec.) Tax rate $65,000 20.00% $60,000 $25,000 35.0% a. $30,333 b. $31,092 c. $29,575 d. $27,300 e. $28,438