Armstrong Inc. is a profitable corporation with a 21 percent corporate tax rate. The company is deciding between depreciating the equipment it purchased this year on a straight-line basis over five years or over three years. Changing the depreciation schedule will have no impact on the equipments economic value. If Armstrong chooses to depreciate the equipment over three years, which of the following will occur next year, relative to what would have happened if it had depreciated the equipment over five years?

a.	The company will have lower net income.
b.	The company will pay less in taxes.
c.	The company will have a higher net cash flow.
d.	All of the statements above are correct.