What is the initial outlay? Table 3 Initial Equipment Project Life Sales Variable Costs Fixed Costs Tax rate Cost of Capital Ending Book Value Sales Price at Year 3 Net Working Capital $55,000 3 Years $50,000 $20,000 $10,000 35% 10% $1,000 $20,000 $10,000 Select one: a. $65,000 b. $75,000 c. $30,000 d. $55,000 What is the annual after-tax operating cash flow? Table 3 Initial Equipment Project Life Sales Variable Costs Fixed Costs Tax rate Cost of Capital Ending Book Value Sales Price at Year 3 Net Working Capital $55,000 3 Years $50,000 $20,000 $10,000 35% 10% $1,000 $20,000 $10,000 Select one: a. $32,250 b. $19,300 c. $24,700 d. $13,300