A project will produce an operating cash flow of $22,000 a year for 8 years. The initial fixed asset investment in the project will be $85,000. The net aftertax salvage value is estimated at $63,750 and will be received during the last year of the project's life. What is the net present value of the project if the required rate of return is 15 percent? $35,943.50 $32,833.01 $34,561.06 $35,252.28 $36,634.72 Question 2 (10 points) Industrial Industries is considering opening a new 5 year project. The project will require investments in property, plant, and equipment totalling $75 million and an initial investment in net working capital of $20 million. The operating cash flows are expected to be $15 million the first year and are expected to increase by $5 million in each of the four remaining years. At the end of the project, they will recover the net working capital, and they expect to sell their equipment, producing an after tax cash flow of $15 million. Based on the riskiness of the project, they require a return of 17.5%. What is the NPV of this project