A company invests in a new project that requires an initial capital outlay of $835087. The project will generate annual net cash flows of $196478 over a period of 9 years. The after-tax cost of capital is 10%. In addition, a working capital outlay of $55156 will be required. This working capital outlay will be recovered at the end of the projects life.

What is the net present value of the project?

Select one:

a. $264670

b. $296434

c. $933215

d. $241278

A company is considering investing in loading equipment. The project would require an initial investment of $85773 and would have a useful life of 3 years with a residual value of zero. The cash inflows associated with the project are as follows:

Year	Cash Flow
1	$50778
2	21141
3	44799

What is the net present value of the project given the relevant discount rate is 8%?

Select one:

a. $186474

b. $14928

c. $6878

d. $30945