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A project will produce an operating cash flow of $164,000 a year for three years. The initial cash outlay for equipment will be $305,000. The

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A project will produce an operating cash flow of $164,000 a year for three years. The initial cash outlay for equipment will be $305,000. The net aftertax salvage value of $12,500 will be received at the end of the project. The project requires $41,000 of net working capital up front that will be fully recovered when the project ends. What is the net present value of the project if the required rate of return is 11 percent?$93,887.95 correct$90,124.63 incorrect$86,361.31 incorrect$82,597.99 incorrect$78,834,67 incorrect $93,887.95 $90,124.63 $86,361.31 $82,597.99 $78,834.67

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