A firm is evaluating a project that will increase annual cash sales by $145,000 and increase annual cash expenses by $94,000. The project will initially require $110,000 in equipment that will be depreciated straight-line to a zero book value over the four-year life of the project. The applicable tax rate is 32.00% and the required rate of return is 10.00%. What is the Net Present Value of this project. (Round to the nearest whole dollar) Multiple Choice $63,920 $84,704 $25,296 O $27,826