12. An investment project promises to increase revenues by $28,000 and decrease operating costs by $10,000. The project will not affect depreciation and will allow you to reduce your inventory investment by $3,000 in the sixth year of the projects life. Calculate the net cash flows during that year if the corporate tax rate is 35 percent.

Group of answer choices

a. $23,540

b. $25,840

c. $26,940

d. $27,700