Fool Proof Software is considering a new project whose data are shown below. The equipment that would be used has a 3-year tax life, and the allowed depreciation rates for such property are 33%, 45%, 15%, and 7% for Years 1 through 4. Revenues and other operating costs are expected to be constant over the project's 10-year expected life. What is the Year 1 cash flow? $42,000 $60,000 $25,000 35.0% Equipment cost (depreciable basis) Sales revenues, each year Operating costs (excl. depr.) Tax rate O a. $22,909 O b. $27,601 O c. $33,121 d. $33,397 O e. $29,533