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A 4-year project has an annual operating cash flow of $57,500. At the beginning of the project, $4,850 in net working capital was required, which

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A 4-year project has an annual operating cash flow of $57,500. At the beginning of the project, $4,850 in net working capital was required, which will be recovered at the end of the project. The firm also spent $23,600 on equipment to start the project. This equipment will have a book value of $5,140 at the end of the project, but can be sold for $6,030. The tax rate is 21 percent. What is the Year 4 cash flow? Multiple Choice $21,497 $66,330 $58,377 $68,193 $68,683 D

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