biz Seved Help Save & E MC algo 9-36 Cash Flows And NPV Lakeside Winery is considering expanding its winemaking operations. The expansion will require new equipment costing $667,000 that would be depreciated on a straight-line basis to zero over the 4-year life of the project. The equipment will have a market value of $177,000 at the end of the project. The project requires $47.000 initially for networking capital, which will be recovered at the end of the project. The operating cash flow will be $181.400 a year. What is the net present value of this project if the relevant discount rate is 11 percent and the tax rate is 34 percent? Multiple Choice -- $38,973 -$46,190 -$55 270 -$43,303 -$51.322