Assume that you are looking at an investment opportunity that offers an annual operating cash flow of $40,000 per year for 4 years. The initial investment to purchase the necessary equipment is $200,000. You assume that you can sell the equipment at the end of 4 years for $70,000. Also, there is a need for an investment in net working capital of $15,000. If the required rate of return is 5%, and the tax rate is 35%, would you accept this project? Multiple Choice Yes, because the NPV is $3,230.00 Yes, because the NPV is $23,338.48 Yes, because the NPV is $5,500.15 No, because the NPV is -$3,230.24 No, because the NPV is -$23,388.48 A proposed new investment has projected annual sales of $830,000. Variable costs are 60 percent of sales, and fixed costs are $181,000 per year; depreciation is $77,000 per year. Prepare a pro forma income statement assuming a tax rate of 35 percent. The projected net income per year is $ 48,100. (Do not include the dollar sign ($).)