A company invests in a new project that requires an initial capital outlay of $659730. The project will generate annual net cash flows of $142143 over a period of 8 years. The after-tax cost of capital is 12%. In addition, a working capital outlay of $81012 will be required. This working capital outlay will be recovered at the end of the project's life. What is the net present value of the project? Select one: a. $46385 O b. $-34627 C. $-1907 O d. $477414 Check