24.) The Spooktaculars is considering a new candy line project that will produce an operating cash flow of $7,000 a year for 4 years. The purchase of a new candy making after-tax salvage value is estimated at $25,000 and will be received at the end of the 4th year. The candy project requires immediately setting aside $500 in cash which will be recovered at the end of the project life. What is the Net Present Value of the candy project if the required rate of return is 9%? -$27,000 a. b. -$27,500 C. -$39,757 d. -$40,111 e. -$45,779