18 Assessment 5: (Algo) Glaze Manufacturing Company (GMC) is considering... LO 16-2 Glaze Manufacturing Company (GMC) is considering an opportunity to invest in a new piece of equipment. The equipment costs $68.000 with $48.000 due on the date of purchase and the remaining $20,000 clue at the end of year three. The equipment is expected to have a 5 year useful life GMC's accountant has developed the following cash flow information regarding the equipment Purchase price of the equipment due up front Remaining balance due at end of year 3 Additional working capital required immediately upon purchase Salvage value Incremental income per year Working capital recovery at end of useful life 548,600 $20,000 6,800 19.000 24,000 $ 6,800 Assuming recured (desired) rate of return of 12 the not present value of this investment opportunity is Use the Post od PVA 51 tables) (Round intermediate and final answer to the nearest whole dollar) Multiple Choice O $32,119 $69,036. O O $101,155. $238,595