A project requires an initial investment of $100,000 and is expected to produce a cash inflow before tax of $26,400 per year for six years. Company A has substantial accumulated tax losses and is unlikely to pay taxes in the foreseeable future. Company B pays corporate taxes at a rate of 15% and can claim 100% bonus depreciation on the investment. Suppose the opportunity cost of capital is 9%. Ignore inflation.

Question: Calculate project NPV for company B

Group of answer choices

2,687

2,123

14,558

15,664