QUESTION 11 Pierre Wineries is evaluating a project that would require an initial investment in equipment of $80,000 and that is expected to last for 6 years. MACRS depreciation would be used where the depreciation rates in years 1, 2, 3, 4, and 5 are 40.0%, 25.0%, 15.0%, 10.0%, and 10.0%, respectively. For each year of the project, Pierre Wineries expects relevant annual revenue associated with the project to be $49,000 and relevant annual costs associated with the project to be $30,000. The tax rate is 50 percent. What is (X plusy if X is the relevant operating cash flow (OCF) associated with the project expected in year 1 of the project and Y is the relevant OCF associated with the project expected in year 3 of the project? a. 541,000 (plus or minus $100) b. $28,000 (plus or minus $100) C. $39,000 (plus or minus $100) d. $54,000 (plus or minus $100) e. None of the above is within $100 of the correct answer