A company is considering an investment project that will produce an operating cash flow of $395,000 a year for five years. The initial cash outlay for equipment will be $1,015,000. An aftertax salvage value of $69,000 for the equipment will be received at the end of the project. The project requires $86,500 of net working capital that will be fully recovered. What is the net present value of the project if the required rate of return is 14 percent? $383,391.95 $359,360.38 $335,328.81 $311,297.24 $287,265.67