A company would spend$150 million on the plant's construction. It expects the new plant to
generate revenues of $25 million in the first year,$35 million in the second year,$45
million in the thirdCalculate the resulting annual operating cash flows for the company for each of the first three years, assuming a corporate tax rate of 15%.
a) Year 1: $6.25 million, Year 2: $17.75 million, Year 3: $29.25 million
b) Year 1: $6.25 million, Year 2: $17.75 million, Year 3: -$105 million
c) Year 1: $6.25 million, Year 2: -$115 million, Year 3: $29.25 million
d) Year 1: $6.25 million, Year 2: -$115 million, Year 3: -$105 million