Whitestone Products is considering a new project whose data are shown below. The required equipment has a 5-year tax life, and the company uses a straight line depreciation method. Revenues and other operating costs are expected to be constant over the project's 10-year expected operating life. What is the project's Year 5 cash flow?

Equipment cost (depreciable basis)	$50,000
Sales revenues, each year	$42,500
Operating costs (excl. deprec.)	$25,000
Tax rate	35.0%

	a.	$17,500
	b.	$11,375
	c.	$15,003
	d.	$10,500
	e.	$14,875