29. Outdoor Sports is considering adding a putt putt golf course to its facility. The course would cost $187,000, would be depreciated on a straight-line basis over its 5-year life, and would have a zero salvage value. The sales would be $91,500 a year, with variable costs of $28,400 and fixed costs of $13,000. In addition, the firm anticipates an additional $23,300 in revenue from its existing facilities if the putt putt course is added. The project will require $3,600 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 10 percent and a tax rate of 23 percent?

$9,519

$59,856

$135,050

$58,491

$62,091