You work for Whittenerg Inc., which is considering a new project whose data are shown below. Under the new tax law, the equipment used in the project is eligible for 100% bonus depreciation, so it will be fully depreciated at t-o. What is the project's Year 1 cash flow? Sales revenues, each year $79,200 Operating costs $29,800 Interest expense $8,000 Tax rate 25.0% a. $37,050 b. $31,050 c. $45,050 d. $49,400 e. $39,050