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A project will produce an operating cash flow of $301,000 a year for four years. The initial cash outlay for equipment will be $860,000. The

A project will produce an operating cash flow of $301,000 a year for four years. The initial cash outlay for equipment will be $860,000. The net aftertax salvage value of $28,500 will be received at the end of the project. The project requires $72,000 of net working capital up front that will be fully recovered. What is the net present value of the project if the required rate of return is 10 percent? $75,556.99 $79,360.83 $83,164.67 $86,968.51 $90,772.35

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