Lendrum Inc. is considering a new project whose data are shown below. The equipment has an economic life of $3$ years, and is in CCA class $10(30\%).$ The half$-$year rule applies. Revenues and cash operating costs are expected to be constant over the project$$s $3-$year life. What is the net operating cash flow for Year $1?$

Equipment cost

$$80,000$

Annual sales revenues

$$60,000$

Annual cash operating costs

$$35,000$

Tax rate

$25\mathrm{.}0\%$

a$.$

$$25,000$

b$.$

$$13,000$

c$.$

$$21,750$

d$.$

$$9,750$