Actuality Company is considering an investment in equipment costing $36,000 with a six-year life and no salvage value. Actuality uses straight-line depreciation and is subject to a 35 percent tax rate. The expected net cash inflow before depreciation and taxes is projected to be $24,000 per year. The Year 1 annual after-tax net cash inflow is:

Select one:

a. $21,600

b. $15,600

c. $17,700

d. $19,500