Baker Company is evaluating a proposal to automate its warehouse. The project would require a net initial investment of $80,000, And result in increased pre-tax operating cash flows of $15,000 a year for 10 years. Baker's tax rate is 21% and its weighted average cost of capital is 18%. What is the present value of the incremental after-tax operating cash flows? $53,254.92 $55,300.00 $48,040.82 $67,411.29