Project Beta is a 4-year project which requires an initial outlay of $2,000.This outlay will be depreciated usingstraight-line depreciation over the life of theproject.It will generate incremental revenue of $2000 per year and incremental costs (excluding depreciation) of $400.The tax rate is 30%.

What is the project's annual tax payable?

Select one:

a.$420

b.$330

c.$770

d.$180