Alpha Mega Inc. is thinking about investing in a new piece of equipment at a total cost of $237,000. The project will last 5 years at which time the equipment will be worthless. Their financial analyst has determined the following positive net income will result from this investment (NOTE: THIS IS NOT CASH!).

Alpha Mega Inc uses a WACC of 6.5% to evaluate projects of this nature.

What is the NPV for this project?

NPV = ___________ % (round to x.xx)

Net income over years 1-5.

Year	Net Income
1	$33,000
2	$24,700
3	$28,500
4	$38,500
5	$34,500

Group of answer choices

$90,612.50

$91,443.63

$91,028.06

$90,358.32

$90,196.93