0:33:25 Lakeside Winery is considering expanding its winemaking operations. The expansion will require new equipment costing $661,000 that would be depreciated on a straight- line basis to zero over the 4-year life of the project. The equipment will have a market value of $174.000 at the end of the project. The project requires $44,000 initially for net working capital, which will be recovered at the end of the project. The operating cash flow will be $198,900 a year. What is the net present value of this project if the relevant discount rate is 14 percent and the tax rate is 34 percent? Multiple Choice -$28,275 $40.099 --$3351 8 RR AO MacBook F GO 900 GODT 2 3 $ 4 % 5 6 & 7 Q W E R T Y You received no credit for this question in the previous attempt. View previous attempt 3 -$28,275 00:33:10 -$40,099 -$33,511 -$37234 $31417 G 8 C o MacBook AS DO 2 3 $ 4 % 5 6 & 7 8 Q W E R T Y Y U