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A 4-year project has an annual operating cash flow of $56,500. At the beginning of the project. $4.750 in net working capital was required, which

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A 4-year project has an annual operating cash flow of $56,500. At the beginning of the project. $4.750 in net working capital was required, which will be recovered at the end of the project. The firm also spent $23,400 on equipment to start the project. This equipment will have a book value of $5,060 at the end of the project, but can be sold for $5,970. The tax rate is 21 percent. What is the Year 4 cash flow? Multiple Choice $65131 $57,402 $21,753 $67,539

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