15. Outdoor Sports is considering adding a miniature golf course to its facility. The course would cost $138,000, would be depreciated on a straight-line basis over its five-year life, and would have a zero salvage value. The estimated income from the golfing fees would be $72,000 a year with $24,000 of that amount being variable cost. The fixed cost would be $11,600. The project will require $3,000 of net working capital, which is recoverable at the end of the project. What is the net present value of this project at a discount rate of 12 percent and a tax rate of 21 percent?

Group of answer choices

-$114,237.32

$18,288.68

$12,737.26

-$13,447.77

-$14,745.49

I have no clue what I am doing wrong on this one. Please show all work and formulas. NO EXCEL!