A project will produce operating cash flows of $38,000 a year for 4 years. During the life of the project, inventory will be lowered by $9.500, accounts receivable will increase by $14.500. and accounts payable will increase by $11,000. The project requires $120.000 of new equipment that will be depreciated straight-line to a zero book value over 4 years. At the end of the project, net working capital will return to its normal level and the equipment will be sold for $23.000, after-taxes. What the net present value given a required return of 13 percent? che Annun denean, $ ef= 38000 - $9.456.33 2. $11.884.07 3. $13.204.16 4. $10,483.48 NWE=6000 AW CI-1c) - our 23 ElTo 1 hannot sensitivity of the bond's price