Question 7 10 pts 7. Annapolis Inc is considering a new project. The annual incremental revenue for the project is $22,500. The change in annual non- depreciation operating costs is $12,000 and the annual depreciation on the new asset is $8,000. The company's tax rate is 35%. What is the expected annual differential after tax cash flow? a. $9,625.00 b. $9,686.89 c. $8,772.22 d. $9,137.50 e. $8,863.05