From the following data, calculate the cash flow from Project M for year-1: Revenues = 9,000 Total Costs = [Fixed + variable costs] = $5,000 Depreciation for year 1 = $2,000; Tax rate = 34% a. $2, 640 b. $1, 320 c. $2, 980 d. $3, 320 e. none of the given answers