Acme Company is expanding and expects operating cash flows of $150,000 a year for 4 years as a result. This expansion requires $400,000 in new fixed assets. These assets will be worthless at the end of the project. In addition, the project requires a $50,000 investment in net working capital (assume NWC will be recovered at the end of the project). What is the net present value of this expansion project at a required rate of return of 12 percent? $38,125.87 $39,621.00 $38,873.44 $36,256.96 $37,378.31