24. Bruno's Lunch Counter is expanding and expects operating cash flows of $29,300 a year for 6 years as a result. This expansion requires $96,300 in new fixed assets. These assets will be worthless at the end of the project. In addition, the project requires $7,200 of net working capital throughout the life of the project. What is the net present value of this expansion project at a required rate of return of 11 percent?

a. $29,959

b. $33,883

c. $24,304

d. $32,099