iron Biggs is considering a real estate investment. In the first year, the property is expected to generate revenue of $ 65000. The expense in the first year is $ 25000 and the depreciation allowance will be 2.6 percent of the $ 350000 initial investment. Assuming all cash flows occur at the end of the year and Biggs expects to be in a 35 percent marginal tax bracket, the after-tax cash flow in year 1 is closest to:()
A. $ 20085.
B. $ 29185.
C. $ 30900.