The Wet Corp

The Wet Corp.has an investment project that will reduce expenses by $15,000 per year for 3 years.The project's cost is $20,000,with a 20% CCA rate.Using a 40% tax rate,calculate the net operating cash flow at the end of year 1?

A) $-15,000
B) $+11,000
C) $+9,000
D) $+9,800