15) A capital investment project requires an investment of $ 100,000 and has an expected life of four years. Annual cash flows at the end of each year are expected to be as follows: Year 1 $ 40,000; Year 2 $ 48,000; Year 3 $ 76,000; Year 4 $ 56,000. Ignoring income taxes, the net present value of the project using a 8 per cent discount rate is? Use the appropriate table from Appendix (end if Chapter 19) to determine discount factor. b) $ 79,680. c) ($ 49,680). d) $ 20,320) Answer: (4 points)