QUESTION 17 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 40.025.04. 15.04, 10.0% and 10.0% respectively. For each year of the project. Plerre Wineries expects relevant annual revenue associated with the project to be 547.000 and relevant annual costs associated with the project to be $30.000. The tax rate is 50 percent. What is x plus Y if X is the relevant operating cash flow (OCF) associated with the project expected in year 1 of the project and is the relevant OCF associated with the project expected in year 3 of the project? a. 539.000 (plus or minus $100) $24,000 (plus or minus 5100) c. $37.000 (plus or minus 5100) d. 554.000 (plus or minus 5100) e. None of the above is within 5100 of the correct