189) A project requires an initial fixed asset investment of $600,000, which will be depreciated straight-line to zero over the six-year life of the project. The pre-tax salvage value of the xed assets at the end of the project is estimated to be $50,001. Projected sales volume for each year of the project is shown below. The sale price is $50 per unit for the first three years, and $45 per unit for years 4 through 6. A $30,000 initial investment in net working capital is required, with additional investments equal to 7.5% of annual sales for each year of the project. Variable costs are $35 per unit, and xed costs are $50,000 per year. The rm has a tax rate of 34% and a required return on investment of 12%. Year 1 2 3 4 5 6 Sales 10.000 12.500 15.625 19.531 24.414 30.518 What is the operating cash ow during year 5 of the project? A) $189,025 B) $66,429 C) $107,426 D) $162,132 E) $117,406