Taylor Inc., the company you work for, is considering a new project whose data are shown below. What is the project's Year $1$ cash flow?

Sales revenues, each year

$$62,500$

Depreciation

$$8,000$

Other operating costs

$$25,000$

Interest expense

$$8,000$

Tax rate

$25\mathrm{.}0\%$

a$.$ $$31,631$

b$.$ $$33,213$

c$.$ $$28,619$

d$.$ $$30,125$

e$.$ $$34,873$