Kingston Corp. is evaluating two projects. The first project has net after-tax cash inflows of $54,396 per year starting at the end of year 1 . The upfront cost of the project is $217,000 and its expected life is 5 years. The board rejects the project because "the project's IRR is exactly 1% lower than our weighted average cost of capital". The second project has an initial cost of $125,000 with the same expected life. Assuming project B has the same risk level as project A, and also has constant cash flows per year, what's the minimal required after-tax cash inflow of project B for the board to accept project B (i.e. for project B to break even)? a. The answer is $32,163.89. b. The answer is $30,513.09. c. The answer is $30,923.60. d. The answer is $31,334.10