All of the following items are included in a discounted cash flow analysis except: Multiple Choice 0 future salvage value. 0 depreciation expense. 0 investment of working capital. 0 future cash savings. A project requires an initial investment of $120,000 and has a profitability index of 0.40. The discount rate is 11%. The net present value of the project is closest to: Multiple Choice $133,200 $13,200 $48,000 $5,280