Shelly's Botique is evaluating a project which will increase annual sales by $70,000 and annual costs by $40,000. The project will initially require $100,000 equipment aquisition which will be depreciated straight line to zero over hte project's life of five years. The applicable tax rate is 34%. What is the first year's incremental cash flow amount for this project?

A. 26,400

B. 26,600

C. 46,400

D. 46,600