25. CBS wishes to invest in a project that has the following cash flow data. What is the project's payback period (PB)? 1 $500 $500 $500 Year0 Cash flows -$875 a. 1.56 years b. 1.42 years c. 1.77 years d. 1.75 years e. 2.07 years 23. Sling TV is considering a new project whose data are shown below. The equipment that would be used has a 5-year tax life. Under the new tax law, the equipment used in the project is eligible for 100% bonus depreciation, so it will be fully depreciated at t 0. Revenues and operating costs are expected to be constant over the project's 10-year expected life. What is the Year 1 cash flow? Equipment cost $200,000 Sales revenues, each year $112,000 Operating costs (excluding depreciation) $54,000 Tax rate 30.0% a. $48,750 b. $40,600 C. $10,200 d. $17,400 e. $23,800