A production project will generate an expected operating cash flow of $50,000 per year for 4 years (years 1 4). Undertaking this project will require an increase in the companys networking capital (inventory) of $10,000 today (year 0). At the end of the project (year 4), inventory will return to the original level. New capital spending for the project would cost $150,000. The marginal tax rate is 7%. The weighted average cost of capital for the firm is 9%. Sketch a timeline to illustrate the relevant cash flows.

What is the PRESENT VALUE of this project?

Please show the detailed steps to get the PRESENT VALUE (I'm confused)