33. A garage is installing a new car wash. If the cost of capital is 10%, what is the net present value (NPV) of this project? Yaar 0 Year 1 Year 2 Year 3 Year 4 Revenues 140,000 440,000 440,000 350,000 Cost of Goods Sold -70,000 220,000 220,000 175,000 Gross Profit 70,000 220,000 220,000 175,000 Selling General and Admin -6400 6400 6400 6400 Depreciation - 75,000 75,000 75,000 75,000 EBIT -11,400 138,600 138,600 93,600 Income tax (35%) 3990 -48,510 -48,510 -32,760 Incremental Earnings - 7410 90,090 90090 60,840 -280,000 Capital Purchases Changes to NWC -5,000 -5,000 -5,000 -5,000 a. -$135,493 b. -$143,021 c. $165,603 d. $150,548