Given the following information for a project for year-1: Revenues =$120,000; Depreciation =$20,000; Operating Costs (Excluding depreciation) =$75,000;8 Tax rate is: 21\%; Calculate the relevant after-tax cash flow for the project for year 1 $23,700 $34,800 $39,750 $19,750 From the following data, calculate the after tax-cash flow from Project M for year-1: Revenues =9,000; Total Costs = [Fixed + variable costs] =$4,500 Depreciation for year 1=$2,000; Tax rate =34% $3,650 $3,320 $2,980 $1,650