11 to 116 Snowbowl Resorts wants to create more snowmaking capacity on their ski mountain. This increase in capacity requires the purchase of additional show-making equipment that will cost $653,000. Based on input from the Accounting Department, this would be depreciated on a straight-line basis to zero over the 6-year life of this new snowmaking project. When the project is over the equipment can be sold for $170,000. There is a need for additional networking capital at the beginning of the project in the amount of $40,000 This will be recovered at the end of the project. The operating cash flow will be $147,600 a year. Assume the appropriate discount rate is 12 percent and that the appropriate tax rate is 40 percent. What is the net present value of this snowmaking project? Multiple Choice -515,162 $18,143 Drau $ BE >