Fool Proof Software is considering a new project, with an equipment cost of $42,000. The equipment would be used for a 3-year tax life, and the depreciation rates are 33%; 45%; 15%, and 7% for years 1 through 4. Sales revenues are projected to be $60,000 each year; operating costs excluding depreciation are projected to be $25,000 each year, and the tax rate is 35%. What is the year 1 cash flow?

A. 29,533

B. 33,121

C. 33,397

D. 27,601

E. 22,909