250 Katie's Cafe is considering the addition of a new refrigeration system that will cut annual food costs by $15 , 001 . The system will cost $36 . 0DO to purchase and install . This system is expected to have a 3 - year life and will be depreciated to zero using straight - line depreciation . What is the annual net income for this project if the tax rate is 34 % ? A . $880 B. $1 020 C. $1 240 D. $1 750 E. $1 980