Your new employer, Freeman Software, is considering a new project whose data are shown below. The equipment that would be used has a 3 depreciation rates for such property are 33-33%, 44.45%, 14.81%, and 7.41% for Years 1 through 4. Revenues and other operating costs are exp project's 10-year expected life. What is the Year 1 cash flow? Equipment cost (depreciable basis) Sales revenues, each year Operating costs (excl. deprec.) Tax rate $65,000 $60,000 $25,000 25.0% O a. $35.114 b. $31,666 O c. $31,849 O d. $33,442 O e. $36,869 0 Icon Key O BI o 9 hp g- 5+ 104 fo DRI prt sc delete & os % 5 + 6 * 8 7 00 backspace { R T Y O 111 YUL|0|| E FGHIJ F K L 6 lv pause V N M M