Munir S/B has provided the following data concerning a proposed investment project: Initial investment....... $861,000 $271,000 Annual net cash receipts...... Life of the project... 5 years Salvage value. $129,000 The company's tax rate is 30%. For tax purposes, the straight line method will be used and capital allowances (CA)s will be claimed only over 3 years over the entire initial cost without any reduction for salvage value. The company uses a discount rate of 11%. Required: ii) Calculate the taxable cash flows for years 1-3 A. ($16,000) (i.e. negative taxable cashfows) per year B. $287,000 per year C. $271,000 per year D. none of the above