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A plano manufacturer is considering a capital expenditure project involving purchasing and installing new equipment. The epripment cost will be $50,000, with an additional $8,000 for delivery, and installation is estimated to be $10.000. The equipment has an expected life of 10 years, and an estimated salvage value of $20,000. The project requires an additional working capital investment of $9,000. The project revenues are forecasted to be $30,000 per year and cash expenses are estimated at $15,000 per year. The firm has a 30% marginal tax rate and an 12% weighted average cost of capital (WACC) Calculate the annual net cash flows from this project, assuming simplified straight-line depreciation. $7,837.50 per year 112540 peryent $11,940 per year None of the listed items is correct $11.196.43 per year